Single Touch Payroll, processes A Business Perspective Institute of Certified Bookkeepers Making you Count.

Single Touch Payroll, processes

A Business Perspective

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Concept“A” STP is a good thingSTP is not new, it is the evolution

ATO recognising what is possible

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Employers say….to Software companies• Keep it simple• Facilitate my easy business process

• STP to government should be irrelevant

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Employers say….to Government• Keep it simple• I already do payroll – don’t make it

harder• Talk to the software companies

• Why?

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Institute of Certified BookkeepersMaking you CountOnBoarding

myGov

ATO Employer BMS

BMS: Employee Portal

BMS: Employer

BMS: OnBoarded

“Retail” “Authorised Prefill”

“Wholesale”

ATO

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BMS: PayrunPay CalcPay SlipBank InstructionAccrue PAYGWAccrue SGC

BMS: Report to ATO

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BMS: Payment Event

1. Activity Statement – PAYGW paid and allocated

2. SuperStream Payment – Message to ATO aswell

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ATO compliance

Payrun – PAYGW Accrued to PAYGW Balance A/c

(No payment information – chase it)

Payment Due – Balance moved to ICA (internal ATO)

Payment Made – Offset Balance

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Authority to ……

STP system must be consistent with TAA etc etcTASA

Software must ensure authorisation process

?is the law being changed – form submitted to the ato

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ATO

Ask the questions if you have any

Chase the crooks

Where is FairWork?

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Business Perspective

Keep it Simple

Natural Business Systems

Make me effective

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Unconvinced

No more payment summaries

Deregulation / reduction in Red Tape

ATO Certainty that it is good for me

Less and Less and Less Employment

Business Perspective

Why?-Efficient OnBoarding (one step)-Level Playing Field (I need to see it)

Please Don’t-Create a new system or a new form