Employers should have already been reporting through Single Touch Payroll (‘STP’) unless they only have closely held payees, or they are covered by a deferral or exemption.
From 1 July 2021, there have been changes to STP reporting for small employers with closely held payees and quarterly reporting for micro employers.
More specifically, for employers with closely held payees, employers must now report amounts paid to their closely held payees through STP.
They can choose to report such payments via one of three methods, being:
- actual payments each pay day;
- actual payments quarterly; or
- a reasonable estimate quarterly.
For micro employers reporting quarterly, the STP quarterly reporting concession is only available to micro employers who meet certain eligibility requirements (which now include the need for exceptional circumstances to exist).
Ref: ATO website, Changes to STP reporting from 1 July, 16 July 2021.