SINGLE TOUCH PAYROLL Contents Corrections Framework Principles - - PowerPoint PPT Presentation

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SINGLE TOUCH PAYROLL Contents Corrections Framework Principles - - PowerPoint PPT Presentation

May 10, 2023 360 likes •499 views

SINGLE TOUCH PAYROLL Contents Corrections Framework Principles Available services Out of cycle Payments in advance Return messaging/errors UNCLASSIFIED Single Touch Payroll Corrections Framework Principles employee data

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SINGLE TOUCH PAYROLL

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Contents

UNCLASSIFIED – Single Touch Payroll

  • Corrections Framework Principles
  • Available services
  • Out of cycle
  • Payments in advance
  • Return messaging/errors
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Corrections Framework Principles – employee data

Correcting a payroll event

Must report within 14 days of detection Report at next pay cycle

Large withholders follow existing processes.

UNCLASSIFIED – Australian Taxation Office

Where the latest employee information reported does not reflect the current information in the employer’s payroll system a fix should be reported

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Fixing reporting errors – employer data

Where the latest employer information (W1 and W2) reported does not reflect the actual amounts withheld, a correction needs to be made to those amounts.

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Services available

There are a number of services available under STP. Please speak to your provider about the services your STP-enabled product offers. Pay Event or Submit service Update Event Full file replacement

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STP Corrections Framework | EOFY

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KEY POINTS

  • No rolling-over of corrections beyond the end of

financial year

  • Any reconciliations and adjustments can be processed

between the end of financial year and the due date for Finalisation

  • If a ‘fix’ is required post finalisation, then an Update

event must be used to amend the employee’s record indicating the relevant financial year. Please note: amendments for prior years (before STP) cannot be processed via an Update Event

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Ad-hoc/Out of Cycle payments

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Out of cycle

Next regular pay event Pay event on or before the pay day you made the payment

Employers may make other payments outside of their usual pay cycle such as commissions and bonuses. These payments may be reported by either:

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Payments in Advance

  • Where a payment is made to an employee in advance,

this generally constitutes a loan and is not a payment subject to withholding at that time.

  • Where this is the case, they should not be reported

through STP until finalised in a pay run and withholding is calculated .

  • You must consider any FBT implications that may arise

from having these types of payments outstanding at the end of the financial year.

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Return Messaging/Errors

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Return Messaging and Errors

There are two message types you can receive from the ATO after attempting a submission of an STP report. They are:

  • 1. A technical receipt/message
  • 2. Error message
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SingleTouchPayroll@ato.gov.au For further information about Single Touch Payroll please visit our website: www.ato.gov.au/singletouchpayroll

Further Information

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Please contact us if you have any further questions.