Getting Ready for Single Touch Payroll
1 May 2018 2pm to 4pm – For accounting practices
Single Touch Payroll is probably one the biggest changes for accountants and their clients since the introduction of GST in July 2000.
If you were in the accounting game at that time, you probably had clients that were apprehensive, maybe a little bit annoyed with the Government on forcing them to change the ways they did things, but it hasn’t all been that bad has it? We all survived and in fact I think the changes to the ways our clients have “kept their books” and hopefully how they have embraced technology has been a godsend and so many benefits have arisen from a system that was “forced on us” all. Single Touch Payroll is going to be no different and in fact can be a game changer for your practice.
Well it’s STP showtime and your clients will be looking to you and your staff for guidance and direction. Perhaps it is you, now feeling a little apprehensive and time poor as you try and get yourself and your staffs’ head around STP while still trying to get the out of the way March BAS’s, the last lot of 2017 ITR’s, FBT, tax planning and the list goes on.
How about you join me on 1 May for 2 hours from the comfort of your office where I will explain Single Touch Payroll in easy to understand, practical and relaxed way.
You will learn and get up to speed on:
What is STP?
Why is STP being introduced?
How does STP work?
The STP start dates?
The STP headcount date?
Which employees are included in the count and which are excluded?
Who is eligible for an exemption from STP?
Who is eligible for a deferral from STP?
What to do when your client’s payroll software will not be ready by 1 July 2018?
What to do when your clients are not going to be ready by 1 July 2018?
What information will your clients need to report to the ATO under STP?
When will your clients need to report this information to the ATO?
What if your clients make a mistake?
Will the ATO issue penalties if your clients make a mistake?
Will your clients still need to issue annual payment summaries to their employees?
What are the other features of STP?
What will the ATO do with STP information it gets from your clients?
What to do if your clients have not been meeting their superannuation obligations?
What are the benefits of STP to your practice?
What are the benefits of STP to your clients?
What are the benefits of STP to your client’s employees?
At the end of the webinar, you will understand:
what STP is
how STP all works
the implications and benefits of STP to your practice, your clients and your client’s employees
what you will need to do to get your practice ready
what you will need to do to get your clients ready
Who is this webinar is for?
If you are a time poor accounting practice owner that wants to get up to speed without having to do all the research and attend a training course offsite this webinar is for you.
Armed with what you will learn in this webinar, you will be able to implement an STP plan for your practice – staff education, clients education, client onboarding if they need your help with transitioning or adopting STP enabled software and client cleanups where their payroll and bookkeeping systems and superannuation compliance is not up to speed.
I’m a Chartered Accountant & I’ve been a trusted advisor and confidante to thousands of small to medium-sized businesses for over 20 years. I had my own accounting practice for 18 years and these days I coach and mentor small and solo accounting practice owners. Through my blogging and advocacy work on the ATO’s Single Touch Payroll Readiness Working Group, I enhance the lives of accounting practice owners and their clients by educating, encouraging and empowering them to have better working relationships.
I am passionate about small to medium sized business and Single Touch Payroll. I personally believe that there are so many positives that Single Touch Payroll can bring to your accounting practice and your client’s businesses.