Meeting your obligations as an employer can be incredibly daunting especially with the introduction of Single Touch Payroll (STP). STP indicates employers will now share information with ATO on-or-before payments are made to employees. However, we are fully aware of the changes and aim to help your business by using ATO-approved, STP-compliant payroll software.

If you employ someone and pay them you will need to register as an employer, and then do the following:

• Provide the employee with a Tax file number declaration (NAT 3092)
• Complete Section B of your employee’s Tax file number declaration
• Register for PAYG withholding
• Forward the completed original of the Tax file number declaration to the ATO within 14 days of the employees’ start date
• Keep the necessary PAYG withholding records

Advanced Tax can advise you regarding all aspects of payroll preparation and compliance, making sure your calculations are correct and that you meet your deadlines and requirements. We can also offer advice on recruitment and staff retention and provide human resource consultancy services through one of our approved suppliers.