Cloud based accounting – Why it’s the future and why it fits your business!

 

There was a time when it was called doing the books, then came a spreadsheet and now small businesses have their own accounting software.

STP started on 1 July 2018 for employers with 20 or more employees and 1 July 2019 for employers with 19 or fewer employees. The ATO have provided several concessions depending on business, industry, or employer types. Most of these end on 1 July 2021. If you have a current concession you will need to be reporting each pay day through STP by this date.

If you haven’t started reporting through STP, you need to start reporting as soon as possible.