All New Zealand employers should have received a letter from Inland Revenue reminding them that payday filing is coming and a ‘how to’ video on getting started with your shift to payday filing.
While many talented young staff may prefer advisory over compliance, too much time is spent promoting apps to small business clients, when medium and large businesses account for two thirds of revenue.
All New Zealand employers should expect to receive a letter from Inland Revenue confirming the 1 April 2019 payday filing start date and telling businesses “It’s time to shift to payday filing”.
Alarmingly only 5% of advisors have raised Single Touch Payroll with their clients. Medium businesses in particular rely on their accountant or business advisor to keep them on top of compliance requirements.
If you haven’t already, mark 1 April 2018 in your diary. This is the date stipulated by the Australian Taxation Office to count the employees on your payroll. Find out who you need to include in your headcount.
Despite the looming Single Touch Payroll deadline, only 25% of accountants’ clients are ready. Hear thoughts and insights in this recorded interview with experts from the ATO and Chartered Accountants.
The Australian Taxation Office has confirmed Attaché Payroll is “STP-compliant” and ready for client rollout. Attaché is the first independent payroll solution provider to reach this key milestone.
There are four options to meet your Single Touch Payroll reporting obligations. Regardless of which you choose, the Australian Taxation Office compliance deadline is 1 July 2018.
Single Touch Payroll is compliance. If you are not ready for STP reporting by the 1 July 2018 deadline, you will need to apply for an exemption or deferral from the Australian Taxation Office.