Single Touch Payroll Reporting - eBook, Checklist & Action Plan
10 November 2017
The introduction of Single Touch Payroll Reporting (STPR) creates significant changes for how businesses across Australia report to the Australian Taxation Office.
This new Government initiative is designed to streamline business reporting obligations and will change the way employers report their tax and superannuation.
Download the eBook to find out:
- When you need to comply
- What has changed
- The benefits for your business
- The steps to begin the transition.
Use the checklist to identify if you need to:
- Review your internal processes
- Consult with your software provider
- Check your current business practices.
STPR Action Plan Consultation Process
If you have requested your complimentary STPR consultation, or you are contemplating a request but are unsure about what this all means, the following outlines what you can expect from your complimentary STPR consultation.
||What BDO will do
||What you should do
||BDO will contact you to arrange a suitable time for your STPR consultation (either via phone or in-person).
||Confirm the appointment for your complimentary consultation and ensure you have the time booked into your diary.
||Understand current position
||A BDO STPR adviser will contact/meet you at the appointed time.
The adviser will explain how the new STPR process will work and take you through a series of questions to establish your current position in relation to STPR readiness.
|Work with the BDO adviser to provide the information required to establish your current position.
||Identify actions required
||From understanding your current position, BDO will provide an indication of key actions required (if any) for you to consider to ensure you are STPR compliant prior to the ATO’s deadline.
||Consider the action plan and how you intend to implement it to ensure you are STPR compliant prior to the ATO’s deadline.
||Determine next steps
||BDO can provide you with a quote to help you with the actions identified during your discussions.
||Advise BDO to provide you with a quote.
Register for a free consultation
If you’re unsure about what Single Touch Payroll Reporting (STPR) means for your business, we can help. Register below for a complimentary STPR action plan consultation with a BDO adviser, and we’ll be in touch to guide you through the changes.