spacer spacer spacer spacer spacer spacer spacer spacer
spacer
spacer
    Latest Accounting News

Telephone: 03 9727 1244
Facsimile: 03 9727 0244
Email: Email Us

Address: Suite 2, 96 Manchester Rd, Mooroolbark VIC 3138
spacer
Hot Issues
Payday super part 2: not quite ‘all systems go’
Privacy Compliance Sweep 2026: Is Your Business Ready?
6 ways to improve your business plan
‘Looking like a rough start’: SMEs set to feel the pinch as CPI spikes
Student loans debt update
New SMSF education directions
Accountants must keep ‘watchful eye’ on financial abuse
Rare and vanishing: Animals That May Go Extinct Soon
What is a Commercial Lease?
8 tips to improve your online sales
ATO cracking down on tax dodgers trying to leave the country
Digital Assets You Forgot You Own (and Why They Still Matter at Tax Time)
‘Not insurmountable’: What accountants need to know ahead of Payday Super
Heading overseas? Centrelink and the ATO might need to know
The ATO’s new draft rules could change your holiday home tax claims
Which country produces the most electricity annually?
Restructuring Family Businesses: From Partnership to Limited Company
Choose the right business structure step-by-step guide
ATO’s holiday home owner tax changes spur taxpayers to be ‘wary and proactive’
Payday Super part 1: understanding the new law
A refresher on Medicare levy and Medicare levy surcharge.
Protecting yourself from misinformation
Super gender gap slowly narrows
Countries with the largest collection or eucalyptus trees
Benchmarks for small business
Right to Disconnect
There’s $18.9 billion in lost and unclaimed super - some may belong to you
Small businesses remain optimistic despite high stress, report reveals
Tax and your child’s money: what parents need to know including TFNs
Articles archive
Quarter 4 October - December 2025
Quarter 3 July - September 2025
Quarter 2 April - June 2025
Quarter 1 January - March 2025
Quarter 4 October - December 2024
Quarter 3 July - September 2024
Quarter 2 April - June 2024
Quarter 1 January - March 2024
Quarter 4 October - December 2023
Quarter 3 July - September 2023
Quarter 2 April - June 2023
Quarter 1 January - March 2023
Quarter 4 October - December 2022
Quarter 3 July - September 2022
Quarter 2 April - June 2022
Quarter 1 January - March 2022
Quarter 4 October - December 2021
Quarter 3 July - September 2021
Quarter 2 April - June 2021
Quarter 1 January - March 2021
Quarter 4 October - December 2020
Quarter 3 July - September 2020
Quarter 2 April - June 2020
Quarter 1 January - March 2020
Quarter 4 October - December 2019
Quarter 3 July - September 2019
Quarter 2 April - June 2019
Quarter 1 January - March 2019
Quarter 4 October - December 2018
Quarter 3 July - September 2018
Quarter 2 April - June 2018
Quarter 1 January - March 2018
Quarter 4 October - December 2017
Quarter 3 July - September 2017
Quarter 2 April - June 2017
Quarter 1 January - March 2017
Quarter 4 October - December 2016
Quarter 3 July - September 2016
Quarter 2 April - June 2016
Quarter 1 January - March 2016
Quarter 4 October - December 2015
Quarter 3 July - September 2015
Quarter 2 April - June 2015
Quarter 1 January - March 2015
Quarter 4 October - December 2014
Single Touch Payroll (STP) – Phase 2

 

Single Touch Payroll will be expanded from 1st January 2022, with additional requirements.

 



 


Whilst the Australian Taxation Office are currently working with digital services providers to update their Single Touch Payroll enabled software, there will be additional information to submit.


Some of the key changes include:-


Disaggregation of Gross Income


Separately itemising items of gross income such as, allowances (separated by type), bonuses and commissions, directors’ fees, overtime pay, paid leave (and the type of paid leave), salary sacrifice,


Employment Status


Information such as employee cessation date and reason, employment basis such as casual, full time, part time etc and tax treatment (e.g. as claiming tax-free threshold, Medicare levy exemption and study loans, etc)


Income Type & Country Codes


Details of type of income (i.e. Salary and wages, working holiday, closely held payees, inbound assignees, etc).  Country codes may be required for payments to Australian residents working overseas or a working holiday maker, for example.


Lump sum payments


Lump sum E payments and Lump sum W (i.e. return to work) payments.


Child support garnishees and child support deductions


This will reduce reporting to child support registrar


 


 


AcctWeb


 


 


 




18th-January-2022
 
sitemap | site by AcctWeb