STP ‘finalisation declaration’ due soon
Dan Wade • September 23, 2020
STP 'finalisation declaration' due soon
As part of NFPs' single-touch-payroll obligations, they are required to finalise employees' 2019–20 end-of-financial-year payroll information by 31 July if they have 19 or fewer employees and 4 July if they have 20 or more.
NFPs will need to make a 2019-20 'finalisation declaration' through STP-enabled software. Payment summaries to employees and lodging a 'payment summary' annual report to the ATO are no longer required.
Getting the “employee vs contractor” call wrong can be expensive. It affects how you pay people, what taxes and super you owe, your workers comp and payroll tax, and your risk if the ATO or Fair Work take a closer look. Here’s a practical guide to the key differences, the hidden traps, and how a diligent accountant helps you stay on the right side of the rules.
What You Need to Know and Do
From 1 July 2025 , interest charges applied by the Australian Taxation Office (ATO) are no longer tax deductible .
What These Changes Mean for Your Business – and How to Prepare Now
What do I want next year to look like - and how much profit do I want to make?
What the New Super Changes Mean for Your Business
We’re now over halfway through the financial year, making it the perfect time to pause and assess how your business is tracking.
The start of a new year offers a clean slate—an opportunity to reset, refocus, and ensure your business is on solid financial footing.
For many businesses, February can feel like a perfect financial storm.
Here’s a closer look at the five key stages of business growth and how strategic financial planning can support success at every step.