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With STP for smaller employers (less than 20 employees) being a step closer to becoming law from 1 July 2019, affected employers should be taking steps now to ensure they will be compliant by this proposed start date.
You may, with quite good reason, think that legislation titled Foreign Resident Capital Gains Withholding Regime does not apply to you. Following changes on 1 July, if you are about to buy or sell Australian property you may need to think again.
As 30 June approaches, employers with 19 or fewer employees will need to ensure they are ready for SuperStream, a new reporting system for superannuation contributions.
The ATO are continuing to move towards real time electronic reporting of payroll information. From 1 July 2018, Single Touch Payroll applies to certain larger employers and requires reporting of payroll information to the ATO each pay cycle.
SMSF Audit Director
Head of Financial Services