Single Touch Payroll
We were previously under the impression that the ATO had given an exemption to small businesses for their Single Touch Payroll (STP) reporting and that we would lodge these in the same manner as a BAS.
However, we have now learned that this is not the case. While we can obtain an extension to lodge quarterly, we still need to lodge via a Single Touch Provider so that the data is immediately available to the ATO. Due to software requirements, this may involve an expense for some clients. Either we can set it up or they can, with each being handled on a case by case basis. If they are registered for wages but are not employing for the year, we will still need to notify the ATO at year end. We can do this on the client’s behalf but please remind us. While it is minor, it needs to be done and we expect the ATO will only send an electronic reminder only once. The crucial date for compliance is 30 September.
A decision has to be made by the time we lodge BAS.
Shout out to the tradies
With our old office packed, cleaned and repainted, we would love to say a big thank you to WJS Removals, ASB Cleaning, Gower Carpet Cleaning & Restoration and painter Kel Turner for easing the stress of moving office…initially to our storage facility. Thank you also to builder Brett Harvey, who has worked really hard on our new office fit-out.
At the recent Noonee Angus bull sale at Larras Lee, two thirds of the allotment were sold, with an average price of $4770 and top price of $8000. Given the difficult season and the lack of cattle in the area, this was a great result.
At the Coddington Uardry Poll Merino ram sale, the top price was $5000 with an average of $1982. There were 86 rams sold from a total of 90, another great result.
The 36th annual ram sale at Egelabra Merino Stud at Warren was held on October 9.