Australia Bookkeeping

What are the various regulatory/statutory reporting obligations for the employers?

• Single Touch Payroll Reporting to the ATO at the end of each pay period processing.
• Superannuation contribution to the nominated super funds through the clearinghouse on quarterly or monthly intervals.
• PAYG Withholding reporting and payment to the ATO monthly or quarterly based on whether you are a small, medium or large withholder.
• Computation and reporting for the payroll tax on a monthly or annual basis to the respective state revenue offices based on which states your employees are located.
• Annual Actual wages declaration to your work cover insurances ( again varies for each state) based on which actual premium is determined.
• If you are engaged in Labour Hire contracts/Supply Services, a labour-hire licence has recently been made mandatory.
• End of Financial year (EOFY) STP reporting and reconciliations to produce payment summary reports to your employees and the ATO.

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