SmartCompaany, September 18, 2018
The Australian Taxation Office (ATO) has released a range of new measures to help Australian small businesses streamline their use of Single Touch Payroll (STP) reporting.
In a new set of guidelines released last Friday, the ATO announced it will now permit accountants and tax agents to act on the behalf of small and medium businesses for STP lodgements, in a coup for small operators that have been struggling with implementing the new payroll system.
The permission, known as the ‘STP engagement authority’, will be available only to eligible businesses: those who do not have any overdue activity statement lodgements, any outstanding debts, or have been subject to ATO compliance activity for Pay-As-You-Go withholding. READ MORE: https://www.smartcompany.com.au/finance/tax/ato-streamlines-single-touch-payroll-tax-agents-lodge-for-businesses/?utm_campaign=SC&utm_medium=email&utm_source=newsletter