A new legislative instrument has been released which has extended the services BAS Agents can provide to clients in relation to the super guarantee charge. BAS Agents have been able to assist clients with superannuation tasks for approximately 2 years now, but this instrument improves on the current situation.
Welcome to our bookkeeping blog! We share bookkeeping tips, software updates and the latest news from the ATO. Sometimes we get a bit cheeky and let you know what we really think about this industry, but we try to behave ourselves most of the time! Enjoy the read and if you’re looking for anything in particular, hit the search button above.
This measure promises to “refund” the PAYG withholding reported on the BAS or IAS by employers back into their integrated client accounts (ICA) as an offset against any existing BAS/IAS debt. To be clear, this is not a supply of cash to employers into their banks.
Coronavirus (COVID-19) has brought with it great uncertainty and worry amongst the general population, not the least of these, employers and staff.
As a tip, your Software Provider is “KeyPay”, not QBO! Also, your Software ID number is shown on the Electronic Lodgement page. While you can call the ATO as above, the easiest way to update the ATO with your STP details is via Access Manager.
“There are no special settings that you need to enable STP in Saasu. It will be available on all files and the authentication with the ATO is done behind the scenes.”