- What is STP and its types?
- Why is the ATO introducing single touch payroll?
- What is reported through STP?
- What is a closely held employer?
- What payroll services can a BAS agent provide?
- What is STP used for?
- How do I connect STP to ATO?
- How do I enable STP?
- How often do you need to report STP?
- Do sole traders need single touch payroll?
- How do I lodge the quarterly STP report?
- How does a tax agent Lodge STP?
- Is STP enabled by default?
- What is reported to ATO with STP?
What is STP and its types?
Root bridge is a switch in a single VLAN or whole topology (according to the type of STP standard used) which is responsible for distributing BPDUs and block the least redundant port.
Why is the ATO introducing single touch payroll?
What is Single Touch Payroll and why is the ATO introducing it? … Single Touch Payroll is streamlining the payroll reporting process while also ensuring that employers are compliant and paying superannuation and employee tax obligations on time.
What is reported through STP?
Single Touch Payroll (STP), is a new way of reporting tax and superannuation information to us. With STP you report employees’ payroll information – such as salaries and wages, pay as you go (PAYG) withholding and super – to us each time you pay them through STP-enabled software.
What is a closely held employer?
The ATO’s definition of a closely held payee is one who is directly related to the entity from which they receive payments, including family members of a family business, directors or shareholders of a company, or beneficiaries of a trust.
What payroll services can a BAS agent provide?
BAS agents can now:provide services under the Superannuation Guarantee (Administration) Act 1992 to the extent that they relate to a payroll function or payments to contractors,determine and report the superannuation guarantee shortfall amount and any associated administrative fees,More items…•
What is STP used for?
The Spanning Tree Protocol (STP) is a network protocol that builds a loop-free logical topology for Ethernet networks. The basic function of STP is to prevent bridge loops and the broadcast radiation that results from them.
How do I connect STP to ATO?
You only need to connect once – when you set up STP for your first client:Call the ATO on 1300 852 232.Visit am.ato.gov.au (ATO Access Manager) if you’re a registered agent. You’ll need an AUSkey (ATO website) to access the portal.
How do I enable STP?
You must enable electronic lodgement before you can enable STP.From the left menu, select Employees.Select the Payroll Settings tab.Select ATO Settings.Select the Electronic Lodgement & STP tab.Follow the on-screen instructions and verify your business info.More items…•
How often do you need to report STP?
1. What is Single Touch Payroll? Single Touch Payroll (STP) is a change in reporting requirements between employers and the Australian Tax Office (ATO). Instead of reporting employee payments once a year (as with the PAYG withholding annual report), the reporting is done each pay run (known as a ‘pay event’).
Do sole traders need single touch payroll?
Not all sole traders have to report through STP, because they may not be counted as employees of their own business. … So “unless the sole trader pays other employees, a sole trader working in their own business is not in the scope of STP.”
How do I lodge the quarterly STP report?
If you report quarterly, you will need to send your STP report (pay event) once each quarter at the same time your quarterly activity statement is due. This pay event must be lodged by your registered tax or BAS agent through an STP-enabled solution and is not a label on the business activity statement.
How does a tax agent Lodge STP?
There isn’t a “form” you can lodge in that sense. STP has to be reported using payroll or accounting software that offers STP each time an employer runs their payroll and pays their employees. The information is sent to us either directly from the software, or through a third party – such as a sending service provider.
Is STP enabled by default?
All switches from Cisco ship with Spanning Tree Protocol (STP) enabled by default, but if STP is misconfigured for any reason, you can easily enable it. To enable spanning tree, connect to your switch and type spanning-tree mode
What is reported to ATO with STP?
There are mandatory and voluntary payments and withholding amounts which an employer can report through STP. They are require to report: the year-to-date values of gross salary or wages, allowances or other payments (as relevant), deductions and PAYG withholding for each employee included in that pay event.