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Single Touch Payroll Reporting – Closely Held Companies

Single Touch Payroll
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Hey everyone,

Following a recent email sent by the ATO on Single Touch Payroll, we felt it important to share the following info with you too.

The ATO recently sent an email blast to owners of closely held companies stating that they had missed the Single Touch Payroll (STP) start date. However, this was incorrect and have confirmed that it was an error on their end.

Closely held companies do not need to start reporting for Single Touch Payroll until next year.

 

Steps to Follow

If you have received this letter from the ATO & operate as closely held (i.e only pay yourselves & other family members)

  • Please contact our office (03) 9762 7344. That way we can ensure you are granted this concession.

If you have received this letter and DO pay employees,

  • Please also contact our office. Especially if you would like us to assist you with setting up your STP software.

 

Here’s a snippet of the email below as a reference:

STP email - Closely Held Companies

If you’d like to learn more about the Single Touch Payroll Changes, you can read more about it here.

Related Articles:

 

If you have any other questions about Single Touch Payroll, feel free to get in contact:

  • (03) 9762 7344
  • mail@knoxtax.com.au

 

All the best!

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