SINGLE TOUCH PAYROLL. Are you ready for STP? Presence of IT
|
|
- Todd Barton
- 5 years ago
- Views:
Transcription
1 SINGLE TOUCH PAYROLL Are you ready for STP? Presence of IT
2 CONTENTS Introduction What will STP achieve? What s changing? What s staying the same? Checklist The 4 steps to STP ready Prepare & Apply Submit & Communicate
3 INTRODUCTION Single Touch Payroll is a government initiative to streamline your payroll reporting to the ATO. All employers with more than 20 employees need to be ready for STP on July 1st, 2018 unless you or your software provider have been granted an deferral. STP requires employers to submit salary, superannuation and tax details to the ATO each time they pay an employee. It also provides a mechanism for the ATO to send messages back to the employer, about the information submitted. STP is part of the Standard Business Reporting (SBR) framework to digitise communication between you and the government. The focus of STP is reporting, with the aim of providing greater transparency between you, the ATO and your employees. You don t need change your payroll frequency and the payment of your PAYG, and Super contributions don t need change either. You still need to produce payslips for your employees each pay. From next year you won t need to give your employees a Payment Summary, as they will be able to get the information through mygov. 2
4 WHAT WILL STP ACHIEVE? Employer Streamline the process of reporting to the ATO ATO will be able to pre-fill the BAS (W1 and W2) for employers Removes the EOFY requirements to produce payment summaries to individuals or a payment summary annual report Employee Provides visibility via mygov of their year to date salary and wage income, PAYG withholding and super guarantee contribution amounts as they accumulate New employees will have the option of completing TFN declarations and Super Choice forms online (initially via mygov) (Not available immediately) Simplify their tax return if they use mytax ATO Greater transparency More data and in a more timely manner Earlier awareness of whether employers are meeting their PAYG withholding and super obligations Simplifies how employers collect tax file declaration and super choice information when onboarding new employees (not available immediately) Single Touch Payroll...will allow employers to be able to meet their reporting obligations to us using their own payroll or accounting software. 3 John Shepherd Assistant Commissioner of the ATO
5 WHAT S CHANGING You will be reporting payroll data to the ATO every pay cycle (weekly, fortnightly, monthly, off-cycle) Information will be submitted electronically using an ATO XML format and must be done through the SBR2 platform. Your payroll software will need to be STP enabled and/or you will need to work with an STP provider. Employers using STP will no longer have to provide employees with payment summaries at year end. You will no longer be able to submit Payment Summary information through the ECI or the ATO Business Portal. Employees will be able to access their Year to date information through the mygov portal STP data will be used by the ATO to pre fill information on your BAS. WHAT S STAYING THE SAME STP does not change an employer s obligations under the Fair Work Act 2009, the Fair Work Regulations 2009 ( Fair Work legislation ) and other workplace legislation, to provide information to an employee on a pay slip Payment dates of Superannuation contributions 4
6 CHECKLIST Contact your providers Connect with the ATO Review your business process Apply for more time if you need it Communicate with your staff Find out how your payroll provider will be offering STP functionality Check if they have a deferred start date Find out about the process to transition to STP Visit ato.gov.au/stp and subscribe to any updates Follow the ATO on Facebook, Twitter and LinkedIn. Make sure the ATO have the correct contact details for your business Make sure the right people in your business know about STP. Check if you are paying your employees correctly Check if you are calculating your employees super entitlements correctly Check if you are addressing overpayments correctly. Check if your employee information is accurate and up to date If your software will be ready but you won t, you need to apply to the ATO for a deferred start date. Visit ato.gov.au/stp and find out about our deferral process. If your software has a deferred start date, and you need more time, you need to apply for your own deferral. Make sure you follow the ATO guidelines and provide all the evidence required. Once you start your STP reporting, let your employees know so they can start to access mygov. Remind them that you won t be providing Payment Summaries going forward. 5
7 THE 4 STEPS TO STP READY To be STP ready you only need to follow our 4 simple steps - and Presence of IT can help you each step of the way: Prepare To get ready you need to look at your payroll software and your payroll processes. Apply Once you know what changes need to be made to your payroll software make sure you plan for it and allow enough time to be ready. Submit Once your software is ready you can start sending the information to the ATO. This will become part of your normal payroll process just like giving employees a payslip and sending their money to the bank. Communicate It s important to let the people in your organisation know about the changes: Speak to your finance team and let them know some of the BAS information will be prefilled based on the details in STP Talk to your employees and let them know that you won t be giving them a Payment Summary next year AND that they can get that information from mygov AND that they should probably set up a mygov account 6
8 PREPARE Preparation is key as this change will impact your existing payroll process. What are your existing payroll and end of year processes? How do they need to change to support STP? Have you spoken with all the stakeholders payroll, IT and Finance to ensure they are up to speed with the changes? How clean is your data? STP will force data validation into your process. Do you have mechanisms in place to keep your data clean? What are your pain points for reconciliation? How can these be resolved before STP arrives? We understand Payroll People and Processes This change is about more than a technology update. It involves changing processes and increasing the speed at which payroll needs to respond. By helping you understand where you are, we can help you get to where you need to be. APPLY Applying the changes to your system for STP is only part of the process. Updates will be provided by your software vendor but what about your local customisations? These need to be reviewed in light of the STP changes. Can you connect to the ATO to be able to test the STP files you are producing? End to end testing needs to be considered Have you thought about testing the various scenarios identified in the ATO Business Scenario Guide? What training do you need to provide to your payroll team so they are ready for STP? Functional and Technical support through the process Resources We have the functional and technical resources that assist you through the process of applying and testing these changes and ensuring you are ready for Single Touch Payroll. 7
9 SUBMIT Submitting the STP file to the ATO isn t the final step in the process. There is no direct connection between you and the ATO. Your software vendor may provide a solution OR you will need to engage a third party. Single Touch Payroll provides a 2-way communication channel between the ATO and your organisation. How will you manage sending and receiving messages from the ATO? Sending the STP file will mean it will be validated by the ATO. It s better for you to check the file before it goes to the ATO either in your software or prior to submitting it to the ATO. Solutions to be able to submit your STP details Portal or API solutions Depending on your requirements and your software vendors solution, we can provide options to get your information to the ATO and receive messages back. COMMUNICATE STP will impact the payroll teams but communicating the changes to employees will be key to any successful implementation. Employees need to know that they won t be getting Payment Summaries from next year. mygov will now be a crucial resource for employees. Do they know what they need to do? How do you ensure that you ve communicated to everyone and assess their level of engagement? Pre-packaged project communications only Digital Content Communication campaigns templates aligned to your implementation phases that are 80% ready to go. 8
10 LET S GET YOU READY FOR STP Get in touch with one of our STP specialists and we ll prepare a personalised proposal to ensure you re ready for STP. Contact us stp@presenceofit.com.au About Presence of IT Presence of IT is a leading consultancy and provider of the world s foremost Human Capital Management and Workforce Management solutions. We provide thought leadership, strategy, process improvement, software selection advice, implementation, hosting and operational support services to many of the world s largest private and public sector organisations. Our strength is in the excellence of our people and our focus is on our clients. This focus has seen us evolve into a global organisation to better support our customers in their respective markets, the world over.
ATO reporting using Single Touch Payroll. Tony Gold SuperChoice Services Pty Limited
ATO reporting using Single Touch Payroll Tony Gold SuperChoice Services Pty Limited Employer Briefing - Single Touch Payroll From July 2018 for large employers: Employers to report salary or wages, PAYG
More informationSingle Touch Payroll including Employee Commencement
Single Touch Payroll including Employee Commencement Superannuation Industry Engagement Forum Presented by John Shepherd, Assistant Commissioner, Australian Taxation Office / 27 June 2018 Why is Single
More informationSingle Touch Payroll. Presentation by Michael Karavas, Program Director, STP, ATO. speaking at PwC s Payroll Managers forum.
www.pwc.com.au Single Touch Payroll Presentation by Michael Karavas, Program Director, STP, ATO speaking at PwC s Payroll Managers forum 25 August 2017 Single Touch Payroll Price Waterhouse Coopers National
More informationSingle Touch Payroll Australian Institute of Superannuation Trustees Presented by Ian Colhoun Australian Taxation Office
Single Touch Payroll 2018 Australian Institute of Superannuation Trustees Presented by Ian Colhoun Australian Taxation Office Why is Single Touch Payroll so important? Employee Entitlements Streamlining
More informationPresented by: Michael Karavas Angela Lehmann 4 May 2018
Practical Guidance Presented by: Michael Karavas Single Touch Payroll Design Lead - Australian Taxation Office Angela Lehmann Single Touch Payroll Assistant Director Design - Australian Taxation Office
More informationSingle Touch Payroll (STP) Your Questions Answered
Single Touch Payroll (STP) Your Questions Answered 1 Thank you for taking the time to submit a response to the Single Touch Payroll (STP) discussion paper. This initiative is still under consideration
More informationFor NDIS Clients or clients with only WPNs and employee between 1-10 staff, do we need to start getting ready for STP?
Will there be a free program/software for STP use? The ATO has released an Expression of Interest (EOI) for providers in the market to create a no or low cost simple STP solution for small, but specifically
More informationInstitute of Certified Bookkeepers
Presentation to the STP Business Engagement Forum 19 th October 2016 Institute of Certified Bookkeepers A business perspective on Single Touch Payroll Matthew Addison institute of Certified Bookkeepers
More informationRoadmap of change for tax professionals
Roadmap of change for tax professionals ato.gov.au Australian Taxation Office for the Commonwealth of Australia, 2016 You are free to copy, adapt, modify, transmit and distribute this material as you wish
More informationLet s tackle super together!
Let s tackle super together! Agenda Legislation update Clearing house Single Touch Payroll Administration update Our partnership Mix and mingle Disclaimer This seminar provides general information only.
More informationWhat you need to report through Single Touch Payroll
Page 1 of 26 What you need to report through Single Touch Payroll Print entire document https://www.ato.gov.au/business/single-touch-payroll/in-detail/what-youneed-to-report-through-single-touch-payroll/
More informationSingle Touch Payroll
Single Touch Payroll Australian Taxation Office Payroll reporting Business implementation guide Date: 05/12/2017 This document and its attachments are Unclassified For further information or questions,
More informationHiring your own support workers Checklist for hiring employees
Hiring your own support workers Checklist for hiring employees Easy Read version How to use this document This document is written in an easy to read way. We use pictures to explain some ideas. The document
More informationBookkeeping for Single Touch Payroll (STP) Number of Employees STP. Reconcile before STP
Bookkeeping f Single Touch Payroll (STP) Key Terms and Issues Number of Employees EOY Final PayEvent + MyGov PayEvent + BAS + Super STP Reconcile befe STP Software Ready + Deferral Payroll Setup Befe Implementing
More informationPaid Parental Leave scheme Employer Toolkit
Paid Parental Leave scheme Employer Toolkit humanservices.gov.au Contents 1. What we mean by table of terms and definitions 3 2. The Paid Parental Leave scheme in summary 4 2.1 What it is 4 2.2 Why we
More informationPaid Parental Leave scheme Employer Toolkit
Paid Parental Leave scheme Employer Toolkit humanservices.gov.au Contents 1. What we mean by table of terms and definitions 3 2. The Paid Parental Leave scheme in summary 4 2.1 What it is 4 2.2 Why we
More informationWhat is Single Touch Payroll. Matthew Addison - Institute of Certified Bookkeepers Des Parker - ATO
What is Single Touch Payroll Matthew Addison - Institute of Certified Bookkeepers Des Parker - ATO Single Touch Payroll (Part 1) Explanation Matthew Addison (Executive Director Institute of Certified Bookkeepers)
More informationBeware of who you share your benefits with
Client Information Newsletter - Tax & Super March 2018 Beware of who you share your benefits with Where some businesses have tripped up in the past is where the source of benefits provided is not clear
More informationSingle Touch Payroll. Presented by Damon Guest \ CA Management Services
Single Touch Payroll Presented by Damon Guest \ CA Management Services 08 9470 9922 support@caman.com.au www.caman.com.au What is Single Touch Payroll 2 Single Touch Payroll is a government initiative
More informationYour Knowledge March 2018
Simple Creative Solutions Your Knowledge IN THIS ISSUE FBT Some hotspots to look out for. GST on property developments. SINGLE TOUCH PAYROLL When will it apply to me? What Super contributions can be made
More informationSeven tips for paying super. May paying super
Seven tips for paying May 2017 paying 01 02 03 04 05 06 07 paying when to pay how to make payments employees choice the default fund rules record keeping & tax file numbers keeping up-todate with hello
More informationIncreases to minimum contributions
Increases to minimum contributions We re here to help you along the way For people, not profit Here s what we can offer to help you with the increases to minimum contributions This guide to tell you what
More informationMYOB Advanced. Release Notes
MYOB Advanced Release Notes 2017.1.13 Contents Introduction 1... 1 Installing this Release... 1 New Features 2 Payroll Compliance Updates... 2 Single Touch Payroll... 2 Setting up STP... 2 Submitting Data
More informationSingle Touch Payroll. What is Single Touch Payroll. Damon Guest 28/05/2018
Single Touch Payroll Damon Guest What is Single Touch Payroll 2 Single Touch Payroll is a government initiative to streamline business reporting obligations for the ATO Reporting of payments such as salaries
More informationGuide to NEST s employer notices. Statutory information to help you meet your employer duties
Guide to EST s employer notices Statutory information to help you meet your employer duties 2 Guide to EST s employer notices Version 8 April 2018 Contents Introduction 4 About the terms we use 6 Part
More informationGuide to NEST s employer notices. Statutory information to help you meet your employer duties
Guide to EST s employer notices Statutory information to help you meet your employer duties 2 3 Contents Introduction 4 About the terms we use 6 Part 1: From your staging date or duty start date 15 Decision
More informationSBR Evolution and einvoicing: the Broader Context
SBR Evolution and einvoicing: the Broader Context building on digital opportunities ABSIA Conference, 23 March 2017 Whole-of-Government ICT-Procurement and the Road Ahead Presented by: John McAlister,
More informationWebinar: How NEST can help you support clients with auto enrolment
Webinar: How NEST can help you support clients with auto enrolment Questions and answers February 2016 Choosing to use NEST 1. Is a NEST pension scheme always a qualifying scheme for auto enrolment? Yes,
More informationTo do a Payroll Year End in Xero
To do a Payroll Year End in Xero You can use Xero to process your employees' individual non-business payment summaries and send the annual report to the ATO. To help you complete your end of year payment
More informationSuperStream ready in 4 steps. myob.com.au
SuperStream ready in 4 steps myob.com.au Quick reference guide Small businesses with employees have obligations to make super contributions. This guide provides an overview of super and an introduction
More informationMYOB Exo Employer Services
MYOB Exo Employer Services Single Touch Payroll Last modified: 15 June 2018 Contents Single Touch Payroll 1 Setting up Single Touch Payroll 1 Configuring System Settings... 1 General Settings... 2 Payer
More informationDFK AUSTRALIA NEW ZEALAND BUSINESS & TAXATION BULLETIN. keeping you informed autumn 2018 IN THIS ISSUE YOUR BAS & RECORD KEEPING
DFK AUSTRALIA NEW ZEALAND BUSINESS & TAXATION BULLETIN IN THIS ISSUE Your BAS & Record Keeping Fringe Benefits Tax Year End 31 March 2018 Small Business Depreciation Last Chance For $20,000 Instant Asset
More informationSage Guide to ENROLMENT. Everything you need to know about Workplace Pensions: Automatic Enrolment
Sage Guide to AUTOMATIC ENROLMENT Everything you need to know about Workplace Pensions: Automatic Enrolment 1 CONTENTS INTRODUCTION What is Automatic Enrolment? 01 SEVEN STEPS TO AUTO ENROLMENT? 02-05
More informationEvolution of SBR building on digital opportunities
Evolution of SBR building on digital opportunities Presented by: John McAlister Assistant Commissioner Business Reporting & Registration Australian Taxation Office 30 November 2016 ABSIA Conference Why
More informationSuperStream ready in 4 steps. Take your business to the next level
SuperStream ready in 4 steps Take your business to the next level 2 Quick reference guide Small businesses with employees have obligations to make super contributions. This guide provides an overview of
More informationThe essential guide to automatic enrolment. Information for employers
The essential guide to automatic enrolment Information for employers Automatic enrolment and you The law on workplace pensions has changed. All employers are legally required to automatically enrol certain
More informationChair, Cabinet Government Administration and Expenditure Review Committee
In Confidence Office of the Minister of Revenue Chair, Cabinet Government Administration and Expenditure Review Committee February 2018 Update Delivering the next step in the Transformation of New Zealand
More informationDFK AUSTRALIA NEW ZEALAND BUSINESS & TAXATION BULLETIN. keeping you informed autumn 2018 IN THIS ISSUE YOUR BAS & RECORD KEEPING
DFK AUSTRALIA NEW ZEALAND BUSINESS & TAXATION BULLETIN IN THIS ISSUE Your BAS & Record Keeping Fringe Benefits Tax Year End 31 March 2018 Small Business Depreciation Last Chance For $20,000 Instant Asset
More informationProcessing a BAS using your MYOB software
Processing a BAS using your MYOB software Contents How to use this guide 2 1.0 Checking the accurateness of your transactions 3 1.1 Reconcile your accounts 3 1.2 Review your accounts and reports 3 1.3
More informationMAAS Foundation Data Handbook
MAAS Foundation Data Handbook This document has been developed to assist entities required to provide the initial Member Account Attribute Service (MAAS) Foundation Data in readiness for the transformation
More informationBT Super for Life. Product Disclosure Statement (PDS) Contents. Dated 1 July 2014
Contents BT Super for Life Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Super for Life 2 2. How super works 2 3. Benefits of investing with BT Super for Life 3 4. Risks of super 5 5.
More informationUnderstanding Pension Auto Enrolment. Essentials Guide
Understanding Pension Auto Enrolment Essentials Guide Contents Introduction 3 Employer responsibilities in a nutshell 4 How can KPMG Small Business Accounting help you? 5 Staging date checker and tracking
More informationEXPERT ABM BUDGETING STRATEGIES
EXPERT ABM BUDGETING STRATEGIES #ExpertABM INTRODUCTION If you re like most marketers today, you re probably pretty excited about Account-Based Marketing (ABM). But as you re starting to bridge the gap
More informationAre automatic enrolment pensions alien to you?
Quick guide Are automatic enrolment pensions alien to you? Don t worry, we understand alien-speak and we make providing a workplace pension simple For people, not profit Are automatic enrolment pensions
More informationFebruary Work-related car expenses, third party reporting and other measures amendments now law. Small business fix-it squads IN THIS ISSUE
February 2016 IN THIS ISSUE Small business fix-it squads Work-related car expenses, third party reporting and other measures amendments now law FBT updates GST Accessing business profits through an interposed
More informationJune 2017 Page 1. Category 2 - Part Time staff working less than 15 hours per week and Casuals
June 2017 Page 1 Contents Benefits in Brief...1 Getting Started...1 Your Investment Choices...2 Benefits of Insurance Cover...2 & 3 Competitive Fees...4 What other Benefits are available?...5 Spouse can
More informationVicSuper Annual Employer Update Seminar Series 2018
VicSuper Annual Employer Update Seminar Series 2018 Presented by Tracey Fisher Manager Strategic Government and Employer Relations Rachelle Harvey and Bethan Hart Senior Account Consultants Important information
More informationBaker Solutions Group Happenings
Baker Solutions Group Happenings June 2016 Graham Graham has completed his Professional Certificate in Self-Managed Superannuation funds at the University of Adelaide. Alexander is now 16 months old and
More informationAustralianSuper Corporate. Outsourced super. tailored to your company s needs
AustralianSuper Corporate Outsourced super tailored to your company s needs AustralianSuper Corporate is a flexible outsourced super solution that gives you everything you have now, plus more. Enjoy the
More informationRetirement Investments Retirement Insurance Health Investments Insurance Health
Retirement Investments Insurance Health Investment Portfolio Investment Portfolio from Aviva Whatever your financial needs, Investment Portfolio offers you a wide range of investment options, giving you
More informationProcessing a BAS using your MYOB software. Processing a BAS. using your MYOB software
Processing a BAS using your MYOB software Processing a BAS using your MYOB software Processing a BAS using your MYOB software Processing a BAS using your MYOB software Business Activity Statements (BAS)
More informationMaximise year end opportunities and minimise risks
Maximise year end opportunities and minimise risks Key dates Pre 30 June 2014 Actions Review shareholder loan accounts and make minimum loan repayments (may need to declare dividends) Pay all superannuation
More informationSuperStream Contribution Implementation. Colleen Gibson Australian Taxation Office
SuperStream Contribution Implementation Colleen Gibson Australian Taxation Office Introduction to SuperStream SuperStream is a government reform aimed at improving the efficiency of the superannuation
More informationTaxwise Business News
Taxwise Business News In this Issue... More small business tax measures are now law Small business tax measures regulatory costs GST determinations GST treatment of cross-border transactions Individual
More informationGETTING YOUR CLIENTS READY FOR AUTO ENROLMENT Questions and answers from the Webinar 30 January 2014
GETTING YOUR CLIENTS READY FOR AUTO ENROLMENT Questions and answers from the Webinar 30 January 2014 For advisers only Questions and answers from the Webinar 30 January 2014 1. Can you auto enrol into
More informationApril The small business $20,000 instant asset write-off. Time to go shopping! The $20,000 instant asset write-off explained
The small business $20,000 instant asset write-off. Time to go shopping! The small business write-off threshold of $20,000 was extended to 30 June 2018 and is available to all small businesses with an
More informationEOY Support Note # 5 Payment Summary Guide
EOY Support Note # 5 Payment Summary Guide The end of financial year deadline is fast approaching. This guide covers using MYOB to complete your PAYG payment summaries and other end of year payroll issues.
More informationMind the Retail Mortgage Gap. To Close More Loans, First Close the Gap
Mind the Retail Mortgage Gap To Close More Loans, First Close the Gap Mind the Retail Mortgage Gap Table of Contents Executive Summary Shifting Lending Landscape............. 2 An Industry Riddled with
More information2015 Year-end tax planning & Obligations
2015 Year-end tax planning & Obligations Key dates Pre 30 June 2015 Actions Review shareholder loan accounts and make minimum loan repayments (may need to declare dividends) Pay all superannuation obligations
More informationRedundancy. Redundancy vs invalidity retirement. Who should read this? What is in this factsheet? Personal financial advice
PSF23 05/15 Redundancy Who should read this? Any member who is in the process (or has accepted an offer) of involuntary or voluntary redundancy. This includes dismissal initiated by the employer on the
More informationTax basics. Tax basics for business operators. The basics:
Main topics - Tax basics - How tax works for different business structures - Summary of business taxes and payments - Claiming deductions for business expenses - Why keep good business records? - Contacts
More informationTHE GOODS & SERVICES TAX (GST) SYSTEM
AUSTRALIAN BUSINESS NUMBER (ABN) THE GOODS & SERVICES TAX (GST) SYSTEM The Australian Business Number (ABN) is the identifying number that businesses use when dealing with other businesses. The ABN is
More informationEOFY 2013 BOOKKEEPING TIPS FOR SME S
EOFY 2013 BOOKKEEPING TIPS FOR SME S 1. WHAT DOCUMENTS DO I NEED TO GIVE MY ACCOUNTANT FOR 2012-13 YEAR TAX RETURN PREPARATION? This is totally dependent on your personal situation and business structure
More informationSTREAMLINING THE SUPER SYSTEM FOR CONSUMERS. John George. 26 November 2014
STREAMLINING THE SUPER SYSTEM FOR CONSUMERS John George 26 November 2014 1 Background to super reforms Super Stream is a package of measures designed to bring the back office of superannuation into the
More informationAnnual General Meeting PRESIDENT S & CEO S REPORT For year ended 30 June 2016
Annual General Meeting PRESIDENT S & CEO S REPORT For year ended 30 June 2016 The consolidated report for 2015-16 reflects the association delivering its strategic imperatives through initiatives that
More informationTaxWise Business News September 2018
TaxWise Business News September 2018 It s tax time 2018! What you need to know about the key changes It s that time of year again tax return time! Before you complete your tax return for 2018, here are
More informationEasy guide to superannuation
Easy guide to superannuation 2 Contents Understanding super obligations as an employer 3 Keeping records 4 Offering employees a choice of super funds 5 Superannuation Guarantee for employees 70 and over
More informationLet s make a plan All the tools you need to offer the best solutions to your clients
Let s make a plan All the tools you need to offer the best solutions to your clients Introduce your clients to a respected leader in retirement services. Over the last three decades, we ve helped financial
More informationStatement of formulas for calculating Higher Education Loan Program (HELP) component
Schedule 14 Pay as you go (PAYG) withholding NAT 2335 Statement of formulas for calculating Higher Education Loan Program (HELP) component Including coefficients for calculating weekly withholding amounts
More informationRetirement Investments Retirement Insurance Health Investments Insurance Health
Retirement Investments Insurance Health ISA Portfolio If you re investing for the medium to long term, then you should always consider a stocks and shares ISA with the significant tax advantages it offers.
More informationGetting Ready For Tax Season
Getting Ready For Tax Season Topics of Discussion Filing requirements Process overview Timing Records verification Cost basis reporting changes Scope of bivio program Tax loss harvesting Things to do before
More informationTaxWise Business News September 2018
TaxWise Business News September 2018 It s tax time 2018! What you need to know about the key changes It s that time of year again tax return time! Before you complete your tax return for 2018, here are
More informationSuperannuation Reporting Transformation Initiative
Attachment A Superannuation Reporting Transformation Initiative The Future of Super Reporting Improving member visibility of their total super holdings through creation of event-based reporting by APRA
More informationEquity Release. A guide to our Lifetime Mortgage products
Equity Release A guide to our Lifetime Mortgage products Introducing Retirement Advantage 2 A guide to our Lifetime Mortgage products Retirement Advantage is a wellestablished company that can trace its
More informationTaxWise Business News September 2018
TaxWise Business News September 2018 It s tax time 2018! What you need to know about the key changes It s that time of year again tax return time! Before you complete your tax return for 2018, here are
More informationPAYE Reporting Released November 2016
PYE Reporting Released November 2016 Introduction The Government is modernising New Zealand s tax system to make it simpler and more certain for New Zealanders. Improving the administration of PYE is an
More informationSage 50 Payroll. New. Payroll software for small to medium sized businesses who need complete control and confidence in their payroll process.
New Payroll software for small to medium sized businesses who need complete control and confidence in their payroll process. 1 What is Sage 50 Payroll? Sage 50 Payroll provides you with the confidence
More informationRe-enrolment: the 3-year cycle
Re-enrolment: the 3-year cycle We re here to help you along the way For people, not profit Re-enrolment is a statutory process that all employers have to go through This guide tells you what you have
More informationChoice of Superannuation Fund Employer Guide
Choice of Superannuation Fund Employer Guide ANZ Super Advantage May 2005 2 ANZ Choice of Superannuation Fund Employer Guide ASA ANZ s commitment to making Choice of Superannuation Fund (COF) easy has
More informationStaging in 2016? 7 Auto Enrolment Top Tips
Staging in 2016? 7 Auto Enrolment Top Tips Seven key auto enrolment tips to help ensure your business is compliant in 2016 Introduction Auto enrolment can be daunting for small businesses for a number
More informationYour guide to buying a home.
Your guide to buying a home. Find your path to the Australian property dream with CommBank. Everyone s property dream is different - whether you re buying your very first home, buying your next property,
More informationFirst-time employer s guide
First-time employer s guide Information you ll need if you re thinking of employing workers for the first time IR333 April 2018 Contents About this guide 3 Why paying tax matters 3 Are you an employer?
More informationState Advocate To-Do List for 2013
State Advocate To-Do List for 2013 2013 will be a busy year! We ve pulled together some ideas about key issues you may want to tackle in your state this year. We know that you won t have time to do everything
More informationPrepare for Automatic Enrolment
Section title Sage 50 Payroll: Auto Enrolment Edition and The Pensions Module Prepare for Automatic Enrolment 1 What is Sage 50 Payroll? New Sage 50 Payroll: Auto Enrolment Edition Manage your people What
More informationAttaché Help Centre. Payroll End-of-Year 2017/18 Processing (Australia)
Attaché Help Centre Payroll End-of-Year 2017/18 Processing (Australia) Export date: 12 June 2018 Attaché Software Australia Pty Ltd ACN 002 676 511 ABN 32002676 511 Level 5, 118 Talavera Road, Macquarie
More informationA positive outlook on auto-enrolment contributions phasing. High
A positive outlook on auto-enrolment contributions phasing High Summary UK businesses are focusing on securing the organisation s future by strengthening their competitive position, increasing revenue
More informationUser guide for employers not using our system for assessment
For scheme administrators User guide for employers not using our system for assessment Workplace pensions CONTENTS Welcome... 6 Getting started... 8 The dashboard... 9 Import data... 10 How to import a
More informationUNCLASSIFIED EXTERNAL. Single Touch Payroll: online screens Prepared by Design and Change Management
UNCLASSIFIED EXTERNAL Single Touch Payroll: online screens Prepared by Design and Change Management Contents Background 4 Executive Summary 5 Key Findings 6 Positive findings 6 User behaviours 6 Individuals
More informationInstructions for completing a Cash Basis Business Activity Statement ~ MYOB v18
Instructions for completing a Cash Basis Business Activity Statement ~ MYOB v18 Before preparing your BAS you should have completed the following Reconciliations, as at the end of the BAS period you are
More informationINSTITUTE OF CERTIFIED BOOKKEEPERS
Level 27 Rialto South Tower 525 Collins Street MELBOURNE 3000 Tel: 1300 85 61 81 Fax: 1300 85 73 93 info@icb.org.au www.icb.org.au INSTITUTE OF CERTIFIED BOOKKEEPERS BOOKKEEPERS RESOURCE KIT Version August
More informationCasual Employees. Three Most Common Methods of Calculating Casual Loading... 5 Examples Using All Methods... 5
Casual Employees Table of Contents Employing Casual Employee (Worker)... 2 Overtime for Casuals... 2 How is Overtime for Casuals Calculated?... 4 Casual Loading Penalty... 5 Three Most Common Methods of
More informationAuto-enrolment contribution phasing. An adviser guide
Auto-enrolment phasing An adviser guide 1. An introduction to phasing When auto-enrolment was introduced in 2012, the Government set minimum s that would be increased over time to help employees save more
More informationSuperStream Stronger Super Reforms
SuperStream Stronger Super Reforms Prepared by Clive Wilson GM, Governance and Risk GPS Wealth Version 1.0 November 2014 Table of Contents What is SuperStream?... 3 Who needs to implement SuperStream?...
More informationAdding to your super. Tip
Fact Sheet Adding to your super Most employees are building up at least some super savings through the compulsory superannuation guarantee (SG) system introduced in 199. The SG system currently requires
More informationMake more of tax year end
For financial adviser use only. Not approved for use with customers. Make more of tax year end Letter and email templates to help you contact clients before the end of the tax year Making it easier to
More informationWhat is Superannuation?
What is Superannuation? Superannuation, sometimes called super, is a special way of saving to provide yourself with an income when you retire. While there are other ways of saving for retirement, superannuation
More informationEnd of financial year guide for small businesses. A step-by-step checklist to help you wrap up the 2016 / 2017 financial year
End of financial year guide for small businesses A step-by-step checklist to help you wrap up the 2016 / 2017 financial year Tax time made easy The end of financial year is a busy and stressful time for
More informationRefer a bookkeeping client
Table of Contents: 1. Welcome 2. Refer a bookkeeping client 3. ATO due dates 4. End of Financial Year procedures 5. Super Guarantee rate 6. Taxable payments reporting building & construction industry 7.
More informationEnd of Payroll Year Guide 2015 How to use your software to process your end of payroll year tasks
End of Payroll Year Guide 2015 How to use your software to process your end of payroll year tasks We're here to help you any time of the day or night, to make sure you have a smooth end of payroll year.
More informationMLC Wrap Self Managed Super. Service Guide. MLC Wrap. Preparation date: 17 January 2011
MLC Wrap MLC Wrap Self Managed Super Service Guide Preparation date: 17 January 2011 Issued by: Navigator Australia Limited (NAL) ABN 45 006 302 987 AFSL 236466 MLC Wrap MLC Wrap Self Managed Super Supplementary
More information