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J
JSA
October 10, 2019
Question

STP

  • October 10, 2019
  • 1 reply
  • 0 views

Hi

We have just registered for STP in Jul19 and have the concession to report on a quarterly basis.

How do I do that in QB?

Also if  I have extension to report STP to 1.1.20, how do I do my first reporting since half the year payruns would have passed already?

Thank you for your help

1 reply

Bonny_
Bonny_
October 10, 2019

Hi JSA,

 

Reporting STP on a quarterly basis just means you have to lodge pay events each quarter, instead of each week/fortnight/month. You can continue finalising pay runs, and then using Lodge to ATO in each pay run to lodge them all at once at the end of the quarter. 

 

To report the first half of the financial year after starting STP reporting on 1st January 2020, you will need to create an Update Event to record the year to date data before creating the first STP pay event after the deferral has ceased.

 

Hope this helps!

 

Bonny

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