Home About Us Our Services Testimonials Latest News Client Resources Contact Us Make an Enquiry
"Ajen is an accountant who is down to earth and genuinely interested in their clients prospering."
"As a trusted advisor you guided our business back on course when the outlook was far from positive and we look forward to your continued assistance into the future"
"His attitude towards his work and my portfolio has been exemplary. He always finds time for me at short notice and is a benefit to all."
"Ajen always has a high standard of professional manner. He continued to give me good advice and is a reliable person, helpful in sorting out problems and finding solutions easily."
"Ajendra has made himself available sometimes even after normal business hours, to assist us with any questions we have, even when sometimes they may have seemed silly or simple, he has answered in full and easy to understand terminology, at no point has he ever made me feel silly for asking."
"He is always accessible to speak with and even calls me to ask if I need help with anything."
"Ajendra's willingness to dedicate "caring time" to his clients sets him apart from others."
"I am confident to refer friends and family to his team because I know they are in the most capable hands. Ajendra’s honest, caring and upbeat nature has been an absolute godsend and I am so thankful that our paths crossed"
"Ajendra’s speaks with you in a language that you can understand and comprehend easily which assists in equity and partnership with your tax agent."
"We find you have a personal approach to your accounting practice, which makes everyone feel like number 1. This is a rare and special trait, and leaves us knowing we are in good hands."
"He is very astute, and at the same time down to earth and really interested in his clients prospering. For people like us who are new to small business this is an absolute god sent."
"He shows a genuine interest and I never feel rushed. He has created a warm and friendly environement."

Industry pressure forces ATO’s hand on STP deadline

Share this article:

The Tax Office has agreed to push back the start date for the second phase of Single Touch Payroll after intense pressure from all corners of the profession.

   

A legislative instrument issued by the ATO on Wednesday has confirmed that mandatory STP phase 2 reporting will commence from 1 January 2022 — a six-month extension from the previously proposed 1 July 2021 start date.

STP phase 2 will require additional payroll information to be reported to the ATO, and subsequently shared with Services Australia and other government agencies.

The deferral comes after fierce backlash from the profession, with tax and accounting professional bodies, bookkeeping associations and software providers pushing back against the proposed 1 July start date.

The ATO was told that the deadline was unrealistic, given the impact of COVID-19 on the workload and priorities of tax practitioners, employers and digital service providers.

The Tax Institute’s senior advocate, Robyn Jacobson, said that while a 12-month deferral would have been preferable, the extension was a “sensible” outcome.

“Today’s announcement in the form of a legislative instrument issued by the ATO to defer the commencement to 1 January 2022 is very welcome,” Ms Jacobson told Accountants Daily.

“The deferral will help to ensure that data submitted through STP phase 2 to the ATO and subsequently shared with Services Australia is more likely to be accurate and able to be relied upon by the government.

“The start date of 1 January 2022 is softened by the fact that if businesses are not ready at the time, they can seek additional time depending on their circumstance, so it would be a case-by-case basis of the ATO allowing more time for individual businesses.”

The ATO notes that there is nothing practitioners and employers need to do at the moment, with work being done with accounting and payroll software providers to develop and test their services.

The profession also continues to wait for further public guidance on the rollout of STP reporting for closely held payees, after the ATO extended the exemption for such employers to 1 July 2021 in light of COVID-19.

 

 

Jotham Lian 
04 February 2021 
accountantsdaily.com.au

 

Want to know more?

Do you have a question about something you've read in this article? Need more information? Want to book an appointment? Simply let us know below and we'll get back to you ASAP.

Share this article: