18 December 2019
The silly season is well and truly on its way! Many businesses close during the Christmas / New Year period which may be problematic when it comes to Single Touch Payroll reporting obligations.
Luckily, the ATO understands there may be businesses affected during the holiday season. They have advised the following for those businesses who are closing during the holidays:
We understand that many businesses may have a shutdown period during the year, especially during December and January. If you’re reporting through Single Touch Payroll (STP) you need to lodge your payroll information on or before each payday.
You can submit multiple pay runs prior to your closure period, if one or more of your pay runs falls on a day you are closed. You can make any changes in your next pay run once you re-open.
If you would like to report after you have re-opened you can apply for an operational deferral. This can be done through the business portal or through your registered agent or bookkeeper.
Please contact Shakespeare Financial Group for further information.
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Source: https://www.ato.gov.au/Business/Business-bulletins-newsroom/Employer-information/STP-options-for-businesses-shutting-during-December-or-January/