With the first Christmas approaching for many under the mandatory Single Touch Payroll (STP) reporting regime, many people are asking how can they avoid lodging STP late when all STP reporting needs to be lodged on or before the payment date. There are a few options:
- Lodge your STP in advance - You can lodge STP in advance for periods when no one is available to lodge STP data. If you need to make an adjustment, in most cases this can be done in the first pay period when the person responsible for payroll has returned.
- Log in to your STP enabled software remotely while away and lodge the data on or before the payment date
- Apply for a deferral with the ATO - This can be done through the ATO Business Portal or we can process this for you on the Tax Agents Portal.