Tag Archives: Employers with WPN

Federal Assistance for Maintaining Employees – Covid-19

Information being delivered from Federal Government to assist small and medium business in maintaining their staff during the Covid-19 health crisis is evolving quickly. We have been watching these announcements closely to keep you, as employers, as up to date as possible with additional funding you may be able to access in order to maintain your nannies employment. As communicated last week, a temporary cash flow supplement will be released automatically to businesses whose withhold tax activity remains active until September 2020. This supplement will automatically be applied as a credit on your activity statements until September 2020. See the link below.

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Single Touch Payroll Exemption

From July 1,  Single Touch Payroll (STP) starts for employers with less than 20 employees. STP is a new way of reporting tax and super information to the ATO. This will be done each time you run a payroll, the details of the payslip will be sent to the ATO electronically.

The majority of families with a nanny will be exempt until July 2021.

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