NFPs MOVE TO STPs
If your NFP has 19 or fewer employees you will need to start reporting through Single Touch Payroll from 1 July.
It means that you report your employees' tax and superannuation information to the ATO each time you pay them.
The tax office has made several resources available to make the change, including a guide for small employers, a list of STP software providers and a news, events and resources page
If your NFP has between one and four employees and doesn't use payroll software, other ways to report STP information are:
- Implementing a no-cost and low-cost solution for STP that may include simple payroll software, mobile phone apps and portals, and
- Working with a registered tax or BAS agent. You may report your STP information quarterly simultaneously with business activity statements rather than each payday. Your tax or BAS agent will still need to report your STP information through an STP-ready solution. The option is available only until 30 June 2021.
For more information visit www.ato.gov.au/Non-profit/Newsroom/Lodgment-and-concessions/Single-touch-payroll-for-small-employers/.