Payroll reporting deadlines

With the progressive roll-out of Single Touch Payroll, year end finalisation deadlines are tightening.  It’s not like the “good old” Payment Summary days were one had to the 14th August to return the stationery.  Employers are now required to complete the Single Touch Payroll finalisation step by 14th July.

Thankfully though two extensions are available this year:-

  • In response to demands caused to business owners, 31st July

  • For closely held employees (family members) 30th September

Those larger employers that are subject to Pay-roll Tax are due to certify the 2020/21 remuneration by 21st July.  This is not just a matter as in addition to wages, salaries, commissions, directors fees, bonuses and so on, Pay-roll tax is also payable on:-

  • Superannuation

  • Some fringe benefits

  • Payments to certain contractors (including some corporates).

Whilst 28th July is the end date for paying the June quarter SG super, payments through clearing houses can take up to 10 days.  We therefore recommend that the June quarter super be processed no later than Friday 16th.

We welcome any question you may have about these matters.

At MRS, we will spend today planning for your success.