Local council farm rate concessions
Properties which are classified as working commercial farms may be eligible for a rebate on their 2023-2024 farm rates. Rebates and rates may differ depending… from Local council farm rate concessions
All small businesses should now be Single Touch Payroll (STP) compliant (start date was Monday 1 July 2019 for those with under 20 employees and the start date was Sunday 1 July 2018 for those with over 20 employees).
If you were one of the small businesses or micro employers who applied for a concession for STP, these concessions will end on Thursday 1 July 2021.
STP reporting will now be required for closely held payees (family members of business, directors, shareholders or beneficiaries of trusts). From Thursday 1 July 2021 at a minimum you will need to be reporting quarterly through a STP compliant system.
The only exemptions to reporting using STP are for small employers with 19 or fewer employees and if they meet any of the following criteria:
If your reporting systems are not STP ready, you will need to take steps to have your software upgraded as soon as possible.
For further information regarding – Closely held payees
For further information regarding – Exemptions
For further ATO news, events and additional resources – Click here
Wondering how to get STP compliant?
This depends on your current software.
• If you are using any other type of software please contact us and we can advise you on the best process for your particular software.