Payroll Archives - InterAcct

STP 2.0

Paul Rainbow — Mon, 28 Mar 2022 01:25:59 +0000

We have completed over 60 STP 2.0 tests and are just waiting for confirmation on the last test before rolling out the change to the client base. A bigger job than STP 1.0 in some ways.

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STP 2.0 Testing

Paul Rainbow — Fri, 25 Feb 2022 02:11:28 +0000

InterAcct Software have completed the changes and testing for the STP 2.0 roll out. Now we are just waiting for the ATO to greenlight its use with clients.

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STP2.0

Paul Rainbow — Tue, 30 Nov 2021 22:30:13 +0000

As the end of the year approaches, we are very close to putting this into production but to avoid the risk of fines for being late we have applied to the ATO for a deferment for a few months. I have been advised that even large software houses like Xero have deferred until next December. We will let people know when the testing is completed with the ATO guidelines.

The main changes relate to the level of detail that the ATO will be requiring.

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STP Phase 2

Paul Rainbow — Mon, 11 Jan 2021 23:29:34 +0000

STP Phase 2 will come into affect for all Australian Businesses on the 1st of July 2021. InterAcct are set to meet this deadline and have the changes rolled out to all of our clients well before this date. If you have any questions please contact the Support Department.

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New Tax Tables

Paul Rainbow — Mon, 19 Oct 2020 03:22:48 +0000

InterAcct Software has the new tax tables based on the changes in legislation.

Changes to personal income tax thresholds announced by the Government during the Federal Budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13 October 2020.

As the changes to withholding are made part way through the income year, employers and other payers who are unable to immediately implement these changes into their payroll will have until 16 November 2020 to do so.

Employees and other payees will receive their entitlement to the reduced tax payable for the entire 2020–21 income year when they lodge their income tax return.

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JobKeeper

Paul Rainbow — Mon, 04 May 2020 05:36:46 +0000

Many clients have asked us about the JobKeeper system. With InterAcct Software STP running the ATO has all of the information to quickly lodge for JobKeeper through their online portal. Within a few minutes its all lodged and just waiting for the ATO to process the payment.

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Tax Tables

Paul Rainbow — Thu, 25 Jul 2019 03:36:15 +0000

We have received confirmation from the ATO that there will not be new tax tables this year from the changes in the federal budget for the Low and Middle Income tax Offsets but rather that this amount will only be through their Income Tax Returns.

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New Tax Tables

Paul Rainbow — Tue, 18 Jun 2019 03:52:11 +0000

With the ATO releasing the new NAT 1004 and NAT 3539 documents for 2019/2020 on their website last Friday, InterAcct have updated the Tax tables for the coming financial year.

Contact Support if you need assistance installing the new tables.

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Single Touch Payroll for All.

Paul Rainbow — Thu, 14 Feb 2019 05:35:16 +0000

Well it looks like the House of Representatives have finally passed the legalisation for the Single Touch Payroll to be a requirement for all Australian Businesses. Good news that InterAcct have this feature as part of its standard Payroll module. It was a free update to any existing Users and will be able to run for all sizes to businesses. If you would like more Information give us a call.

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Single Touch Payroll Updated

Paul Rainbow — Fri, 29 Jun 2018 03:42:19 +0000

Well we have successfully moved 100% of existing payroll users that required it across to Single Touch Payroll ahead of the roll over this weekend. As well as the new tax tables. Congratulations to our team for all of their hard work.

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