• I've just started up my own business as a sole trader: what do I need to know about tax?

    Starting up as a sole trader changes the way you report income and pay your taxes. We can make sure that you're ready for the transition, no matter which industry you're from.

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  • Need accounting software advice and support?

    Our extensive expertise in all aspects of accounting software means you can concentrate on what you do best – running your business. We are accredited Xero specialists and have been MYOB, Intuit and Reckon Partners for many years.

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  • I've always done my own tax returns without the help of an accountant

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Latest News

Single Touch Payroll: Phase 2 deferral reminder

First update was in January 2022, now phase 2.

 

Since the introduction of Phase 1 of the Single Touch Payroll (STP) regime since 1 January 2022, many employers still might not yet be reporting the additional information required under this phase because their Digital Service Providers (DSPs) have deferrals for time to get their software ready and help their customers transition.

However, once these deferrals expire, employers will need to start reporting additional information in their payroll software, including Tax File Number, Australian Business Number details, basis of employment, split of payment types, commencement dates, etc .

If your DSP has a deferral in place, you will only need to start reporting STP Phase 2 information from your next pay run after your DSP’s deferral expires. However, if your business needs more time in addition to your DSP’s deferral, you can apply for your own deferral using ATO Online Services.