{"id":26452,"date":"2018-03-24T16:03:25","date_gmt":"2018-03-24T05:03:25","guid":{"rendered":"https:\/\/loveyournumbers.com.au\/?p=26452"},"modified":"2022-04-11T09:35:28","modified_gmt":"2022-04-10T23:35:28","slug":"stp-be-prepared","status":"publish","type":"post","link":"https:\/\/loveyournumbers.com.au\/stp-be-prepared\/","title":{"rendered":"Single Touch Payroll (STP) – Be Prepared"},"content":{"rendered":"

Single Touch Payroll (STP) is mandatory for all employers with 20 or more employees from 1 July 2018. Employers with less than 20 employees have until 1 July 2019, although you can opt-in voluntarily from 1 July 18.<\/p>\n

There are a number of actions you will need to take to be prepared.\u00a0 Over the coming months, I will outline the steps and hopefully give you the resources you need to make sure you’re ready for implementation.<\/p>\n

You can also download the ATO\u00a0STP Get Ready Checklist\u00a0<\/a><\/em><\/p>\n

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Click here to download the checklist from the ATO Website<\/figcaption><\/figure>\n

Today lets look at the first critical step<\/p>\n

Count the employees on your payroll on 1 April 2018.<\/h1>\n

Keep a copy for your records, you don\u2019t need to report this info to the ATO.<\/p>\n

Count each employee, not the full-time equivalent (FTE).<\/p>\n

The headcount is a bit like an employee census. You can do it after 1 April, but you need to count the employees who were on your payroll on 1 April.<\/p>\n

Once you become a substantial employer you will need to continue reporting through STP even if your employee numbers drop to 19 or less \u2013 unless you apply for and are granted an exemption.<\/p>\n

If you are part of a company group, you must include the total number of employees employed by all member companies of the wholly-owned group.<\/p>\n

How to count your employees<\/h2>\n

Include in your headcount<\/em><\/h3>\n