ATO STP 11/08/2020
I am on the line with the ATO now, to get some advice on how to fix an error with my STP reporting for my company. Being put on the wait again on the main line for 20mins after the 2nd person I spoke to went away for "2mins". STP stands for Single Touch Payroll, and is a new system that was rolled out from FY2019. While the concept is great, it has had significant teething issues that resulted in headaches for employees come tax time. 2019, being the first year, had a lot of taxpayers who wanted to lodge their returns soon after the 1st of July, unable to do so. Some for months to come. The severity of the problem has decreased in FY2020. I have a very small business entity with two irregular employees, and found a solution from Reckon that came as an app, to do the STP reporting and finalising for the year. This was a free version and seemed to be sufficient for my job. Reckon also has other paid versions which became evident when I logged on to their portal - using the same...