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Published byMitchell Sutton Modified over 9 years ago
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Single Touch Payroll, processes A Business Perspective Institute of Certified Bookkeepers Making you Count
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Concept “A” STP is a good thing STP is not new, it is the evolution ATO recognising what is possible Institute of Certified Bookkeepers Making you Count
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Employers say…. to Software companies Keep it simple Facilitate my easy business process STP to government should be irrelevant Institute of Certified Bookkeepers Making you Count
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Employers say…. to Government Keep it simple I already do payroll – don’t make it harder Talk to the software companies Why? Institute of Certified Bookkeepers Making you Count
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Institute of Certified Bookkeepers Making you Count OnBoarding myGov ATO Employer BMS BMS: Employee Portal BMS: Employer BMS: OnBoarded “Retail” “Authorised Prefill” “Wholesale” ATO
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Institute of Certified Bookkeepers Making you Count BMS: Payrun Pay Calc Pay Slip Bank Instruction Accrue PAYGW Accrue SGC BMS: Report to ATO
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Institute of Certified Bookkeepers Making you Count BMS: Payment Event 1. Activity Statement – PAYGW paid and allocated 2. SuperStream Payment – Message to ATO aswell
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Institute of Certified Bookkeepers Making you Count ATO compliance Payrun – PAYGW Accrued to PAYGW Balance A/c (No payment information – chase it) Payment Due – Balance moved to ICA (internal ATO) Payment Made – Offset Balance
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Institute of Certified Bookkeepers Making you Count Authority to …… STP system must be consistent with TAA etc etc TASA Software must ensure authorisation process ?is the law being changed – form submitted to the ato
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Institute of Certified Bookkeepers Making you Count ATO Ask the questions if you have any Chase the crooks Where is FairWork?
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Institute of Certified Bookkeepers Making you Count Business Perspective Keep it Simple Natural Business Systems Make me effective
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Institute of Certified Bookkeepers Making you Count Unconvinced No more payment summaries Deregulation / reduction in Red Tape ATO Certainty that it is good for me Less and Less and Less Employment Business Perspective Why? -Efficient OnBoarding (one step) -Level Playing Field (I need to see it) Please Don’t -Create a new system or a new form
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