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Single Touch Payroll, processes A Business Perspective Institute of Certified Bookkeepers Making you Count.

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Presentation on theme: "Single Touch Payroll, processes A Business Perspective Institute of Certified Bookkeepers Making you Count."— Presentation transcript:

1 Single Touch Payroll, processes A Business Perspective Institute of Certified Bookkeepers Making you Count

2 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

3 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

4 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

5 Institute of Certified Bookkeepers Making you Count OnBoarding myGov ATO  Employer BMS BMS: Employee Portal BMS: Employer BMS: OnBoarded “Retail” “Authorised Prefill” “Wholesale” ATO

6 Institute of Certified Bookkeepers Making you Count BMS: Payrun Pay Calc Pay Slip Bank Instruction Accrue PAYGW Accrue SGC BMS: Report to ATO

7 Institute of Certified Bookkeepers Making you Count BMS: Payment Event 1. Activity Statement – PAYGW paid and allocated 2. SuperStream Payment – Message to ATO aswell

8 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

9 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

10 Institute of Certified Bookkeepers Making you Count ATO Ask the questions if you have any Chase the crooks Where is FairWork?

11 Institute of Certified Bookkeepers Making you Count Business Perspective Keep it Simple Natural Business Systems Make me effective

12 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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