Single Touch Payroll is here, are you ready?
Missed our recent webinar on Single Touch Payroll (STP) but don't want to miss out? The record is available for on demand viewing below together with links to download slides and resources.
What we covered:
What is Single Touch Payroll
When do I need to register
Getting started with STP using Xero
Frequently asked questions, key dates and resources
Larger employers have already commenced reporting under STP and will be making their first annual declaration shortly. For small employers, STP becomes mandatory from 1 July 2019 and you must have your STP software solution in place and opt in before 30 September 2019.
Single Touch Payroll (STP) will change the way you report annual payroll information to your employees at the end of the year. Understanding this change and determining when is the best time for your business to opt in is critical to ensuring a smooth transition for you and your team.
On demand viewing:
Watch our webinar recording here:
Companion Slides: STP Webinar Slides (PDF 2.18MB)
Factsheet for Employees: n75191_employee_factsheet.pdf
Suggested payslip message for final pay run:
Please note: The way you get your payment summary is changing. payment summary information will now be available via your ATO online services account through myGov and will be called an ‘income statement’. For more information visit ato.gov.au/incomestatement
Suggested email to employees when STP Finalisation Report is submitted:
Subject: IMPORTANT MESSAGE | Your income statement is tax ready
The way you get your payment summary is changing. payment summary information will now be available via your ATO online services account through myGov and will be called an ‘income statement’.
This can be viewed in the following ways:
1) ATO online services via myGov
2) your employer
3) via your tax agent.
After 1 July the ATO will send a message to your myGov Inbox when your income statement is tax ready so you or your registered tax agent can then lodge your tax return.
Your year-to-date pay and super information is also available to you throughout the year in your ATO online services account. For more information visit ato.gov.au/incomestatement
Want to learn more?
You can also read our blog post at https://www.ocpartners.com.au/blog.html.
Do you need assistance getting started?
If you would like to discuss STP enabled software solutions, exemptions, or simply require assistance getting started, contact us on (03) 9738 7500 or email@example.com for more information.
Wednesday 12 December 2018
7am – 9am
Eastern Golf Club
215 Victoria Rd, Yering, VIC
OC Partners will be attending the Yarra Valley Business Annual Christmas Brekky again to celebrate another year with all the amazing businesses throughout the Yarra Valley.
Our brekky will kick off with the draw of lucky door prizes and a special visit with Santa. Guests will be welcomed by our very own Jason Olszewski as the Chair of Yarra Valley Business committee followed by breakfast while you enjoy hearing from very special guest speakers including Paul Dunn and Peter Lusk.
Yarra Valley Business wants to help you grow your business, we aim to help you connect, grow and thrive. So be sure to come along so you can connect with likeminded business owners, network & establish new contacts, celebrate with fellow members in business, build knowledge and inspiration through our renowned special guest speakers, and get into the festive spirit during the silly season.
Paul is renowned for his inspiration and motivational speaking. He helps businesses unleash the huge power of small and how to build an amazing business in amazing times. He is a 4 x TEDx speaker, award-winning entrepreneur, and master presenter. He lights up businesses and lives right around the world. He’ll light up and inspire you too as you really ‘get’, the impact of the stunning insights he shares with you during his in depth speech at this business brekky event.
Paul has received numerous honours for his work and is the recipient of a Global Lifetime Achievement Award for his Service to the Accounting Profession (even though he’s not an Accountant!).
He’s a Senior Fellow of one of the world’s leading business think-tanks and is now a Fellow of Singapore’s Social Innovation Forum – an honour he shares with film-star Jet Li and Walmart Chairman, Rob Walton. His work as Chairman of the revolutionary B1G1, which is an organisation that changes lives through businesses doing 'good' has been featured in leading-edge publications such as Forbes, Fast Company, Trendwatching, Springwise and online through the key technology newsletter Mashable, as well as Voice of America.
Paul is hugely respected around the world, an admired business leader and truly an inspiration to everyone in business. He is an expert at building up everyone around him and celebrating everyone's achievements, big or small. There's just no one that does it like him.
So if you are looking for some inspiration to move your business forward then don't miss this!
Peter is the General Manager of Southern Cross Kids' Camps which is a unique organisation dedicated to helping children who have been subjected to abuse, neglect or domestic violence. Their programs are designed to bring fun and laughter back into the lives of children whose everyday existence is less than ideal and give a week of happy memories to kids who've been abused or neglected.
Hear all about Southern Cross Kids' Camps, how Peter operates and manages this large organisation that gives back to so many children in need and be inspired by how they have established business growth.
Book your ticket to be part of what will be an amazing morning filled with inspiration, friendship and festive fun.
6:30 pm – 8:30 pm AEDT (Registrations commence at 6 pm).
The Auditorium, Lilydale Lakeside Campus
1 Jarlo Drive, Lilydale VIC 3140
OC Partners in conjunction with Yarra Valley Business is excited to bring you an evening seminar on “building better cashflow”.
Are you a business owner struggling to stay on top of your administration and cashflow? Are you:
Would you like to be able to invoice faster, get paid sooner and reduce paperwork?
Join us as we outline the cloud accounting solutions you can put in place to streamline your administration and improve your business cashflow.
We’ll be joined by guest presenter Mark Hooper, from Xero to talk about Xero’s latest small business data insights, the benefits of cloud accounting and how Xero equips small business with the tools to improve cashflow and get paid faster.
We’ll also discuss additional platforms and services that can be integrated with Xero to reducing eliminate paper, improve collection times and supercharge your business administration. Giving you more time to focus on your core business. Including:
This seminar provides you with a great opportunity to network with other business in the Yarra Valley and the opportunity to join the Yarra Valley Business Group. In the meantime you can read more on their website http://www.yarravalleybusiness.org.au/
For more information download the flyer below. Tickets are limited so booking is essential.
Download the flyer (1.4mb pdf file)
Reserve your place here or contact our office on (03) 9738 7500.
If you are unable to attend the seminar, but are interested in the topics being discussed, please give us a call to organise potential further assistance by our office in these matters.
This is a FREE event for members of Yarra Valley Business and clients of OC Partners. $20 per person for non-members.