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Showing 1 - 10 of 26 results for "Single Touch Payroll"

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... population of small businesses, and reduce the use of cheques," he said. "Unnecessary duplication of paperwork for Single Touch Payroll lodgements will be eliminated by allowing employers to provide their tax agents with authority to act on their behalf ...

Accountants lobby for 10 budget reforms

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... low-income earners aren't unfairly penalised and get to realise more of their take home pay earlier. Grant said single touch payroll is accurate enough there is no longer any need to slug workers an arbitrary 20% tax rate for working a second or third ...

Government vows support for SMEs, self-funded retirees

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... in place by 31 December 2023, Frydenberg said. The government has said it will also facilitate sharing of single touch payroll data with State and Territory governments on an ongoing basis to cater for pre-filling payroll tax returns, with the government's ...

Labor pledges calm in superannuation

KARREN VERGARA  |  WEDNESDAY, 15 DEC 2021
... which was pulled in the last week of parliament, will be legislated. He will look at the effectiveness of Single Touch Payroll and "hold the ATO's feet to the fire" in terms of better enforcing and collecting super. Jones sparred with minister for ...

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... who are self-employed or in the gig economy. Further to this, ASFA proposed that with the introduction of Single Touch Payroll, there is no reason why superannuation cannot be paid at the same time as wages. "This initiative would make the system more ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... super guarantee charge statement with the ATO as soon as possible." The spokesperson added that introducing Single Touch Payroll (STP), together with super funds' reporting obligations, have increased the ATO's ability to identify employers who ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... Senator's office said. Future underpayments are highly likely to be detected, it said, with the roll out of the single touch payroll real time data reporting to the ATO across the country. The ATO has recognised that some businesses may not be able to ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... after an application has been processed to ensure the integrity of the program." The ATO said through the Single Touch Payroll (STP) system it has real time information as to whether individuals are employed and how much they are being paid. "Our compliance ...

InPayTech's ClickSuper grows

HARRISON WORLEY  |  MONDAY, 9 MAR 2020
... small businesses expressed concernes with the confidentiality of employee data. The network integrates the Single Touch Payroll and SuperStream systems, and offers "frictionless" communication for payrolls and super funds through the use of a single ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
The Australian Taxation Office will start using Single Touch Payroll (STP) system data to identify and warn employers on non-payment of super guarantee, according to ATO deputy commissioner James O'Halloran. Speaking at the 2019 ASFA National Policy ...
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Editor's Choice

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |   12:51PM
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found.

Centrepoint Alliance launches long-awaited IconiQ platform

ELIZA BAVIN  |   12:35PM
Centrepoint Alliance and FNZ have partnered to launch the IconiQ investment platform and the IconiQ SMA.

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |   12:45PM
Australian GDP rose for the 12th consecutive quarter but continues to slow.

Tyndall AM head of Aussie equities to retire

JAMIE WILLIAMSON  |   12:48PM
Brad Potter is retiring as Tyndall Asset Management's head of Australian equities, with his replacement confirmed.

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