Once again, we are coming to the end of the financial year and so much has happened in the last year it’s hard to believe!
This year we want to remind you of all the tools GovReports has to help you streamline your end of financial year processes. Make the most of the inbuilt tools to maximise productivity and minimise stress.
We are rolling out Single Touch Payroll Phase 2!
All employers have to report STP pay events for all employees and closely held payees from July 2021.
The ATO STP Phase 2 was initially planned to start on 1 July 2021 with the compulsory reporting, however, it has been postponed to 1 January 2022 because of COVID-19 impacts on business and software providers.
We are very pleased to announce the release of our new feature, the Activity Statement Summary.
This report provides a summary of all activity statement lodgements with the ATO for each financial year since 2001, the start of GST reporting.
This is particularly useful where a new client may have had statements lodged by a variety of methods – via GovReports, by their own business portal, by another registered agent or directly from SBR enabled software. You can now see all lodgements from within GovReports, regardless of who lodged and how the statements were originally lodged.
Jobkeeper Payments
The JobKeeper Extension Payment functions have been released into GovReports products. There are several changes to the scheme that employers need to be aware of, including changed eligibility tests.
JobKeeper eligibility relies on correct Single Touch Payroll (STP) data. What if information reported via STP is incorrect?
As Single Touch Payroll data (for most employers) is submitted via Standard Business Reporting (SBR) enabled software such as GovReports, or directly from STP enabled payroll software, errors must first be corrected either within the payroll or SBR software and then lodged again with the ATO.