Payroll News July 2022
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Payroll News July 2022
- 2 Minutes to read
- Print
- DarkLight
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PAYROLL NEWS JULY/AUGUST 2022
SINGLE TOUCH PAYROLL PHASE 2 : INTRODUCING SBR/STP MAPPING
Payroll clients will be upgraded over two days Monday 01 August and Tuesday the 2nd of August 2022, Once upgraded, SBR/STP Mapping will need to be completed before you can start sending files to the ATO.
Click here to find out more about SBR/STP mapping
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SINGLE TOUCH PAYROLL PHASE 2 : INTRODUCING PAYROLL HEADERS
When you take on an employee, freelancer, performing artist, non-performing artist, working holiday maker or enter into a Voluntary Agreement with an individual, you will need to set up a Payroll Header, before entering employment and Tax information. The payroll header will generate a unique payroll ID for that address book record
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Click here to find out more about Payroll Headers
SINGLE TOUCH PAYROLL PHASE 2 : VOLUNTARY PAYG AGREEMENTS (FREELANCER, NON-PERFORMING ARTIST AND SUPPLIER)
Set up of voluntary PAYG agreements have changed, if you need to set up a Voluntary PAYG agreement for a Freelancer, Non-performing Artists and a Supplier check out the link below for further information
Click here to find out more about PAYG Withholding under a Voluntary Agreement
SINGLE TOUCH PAYROLL PHASE 2 : INTRODUCING SIMPLIFIED TAX INFORMATION (FREELANCER AND NON-PERFORMING ARTIST)
Freelancers, Non-Performing Artist and Voluntary Agreements use a simplified tax info form to collect just the relevant information required for each type of supplier. The simplified form will appear when you use the Freelancer/Non-performing Artist payroll header and the Voluntary PAYG header.
RECORDING BACK PAYMENTS, BONUSES UNDER STP (FOR AUSTRALIAN RESIDENTS)
Recording of bonuses and back payments for amounts in a prior financial year more than 12 months has changed.
Check out this link about how to record bonuses and back payments in JobBag
PERFORMING ARTISTS, TFN DECS AND WITHHOLDING
A TFN declaration will need to be completed by a performing artist every time they enter into a contract to perform in a promotional activity. This will need to be done at the start of a relationship with each Payer (i.e. your business) before payments are made. A TFN declaration is valid for 12 months from the last payment made to the performing artist. If a performing artist enters into numerous contracts in a financial year with your business, the performing artist only needs to complete one TFN declaration for that financial year.
Payers are required to withhold 20% from payments made to performing artists to whom the above criteria apply. Payers will need to determine the nature of the contractual relationship for superannuation guarantee purposes. In general if you are paying a person directly (self-billing performing artist) or via a Talent Agency you will need to pay Superannuation Guarantee Contributions in addition to the talent fee.
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