Are you ready?
The Australian Taxation Office’s (ATO) new Single Touch Payroll (STP) will streamline reporting requirements for employers from 1 July 2018. This means that payments such as salaries and wages, Pay As You Go (PAYG) withholding and super information will be reported directly from your payroll solution at the same time you pay your employees.
When does STP take effect?
For employers with 20 or more employees, STP reporting starts from 1 July 2018. For those with 19 or less employees, STP reporting will start from 1 July 2019 (subject to legislation being passed in parliament).
For more information on STP reporting, please call our QIEC Super Client Contact Centre on 1300 360 507 or visit the ATO website for more information.
How will this impact my payroll?
After you have made payments to your employees your payroll solution will need to send some additional reporting information to the ATO. You should check with your current payroll provider now to ensure that they support STP reporting.
Have you registered for QuickSuper?
QuickSuper is QIEC Super’s clearing house allowing you to make your superannuation payments for all employees in one easy step. Best of all, subject to eligibility, QIEC Super offers this service to employers free of charge.
You are eligible to use this free service if you:
- are a registered employer with QIEC Super;
- have selected QIEC Super as your default employer super fund;
- have a minimum of 50% of your total employees contributing to QIEC Super;
- you agree to QuickSuper’s terms and conditions.
If you don’t meet the above criteria, but would still like to use our clearing house please call us so that we can work with you to develop a successful outcome for your business. We strive to make super simple and easy, so if you would like to get started with QuickSuper, simply call 1300 360 507 or email email@example.com.