QuickCuppa: Single Touch Payroll (STP) for Advisors
Single Touch Payroll will be mandatory for all Australian small businesses from July 1, 2019. If you're an accountant or a bookkeeper that means getting your clients ready for this once-in-a-lifetime compliance change!
In this episode of QuickCuppa QuickBooks product experts Drew and Chris discuss the most frequently asked questions by advisors as they prepare their clients for STP.
Questions covered include:
How can advisors prep their clients for STP?
What should advisors discuss with their clients about payment summaries no longer being necessary and employees requiring a myGov account?
Can a Registered Tax/BAS agent set up STP with the ATO if they have Standing Authority?
Is it essential for an advisor to have Standing Authority to set up for STP?
What should an advisor do if they do not have Standing Authority?