Single Touch Payroll - Closely Held Payees

Rudd Hannay Accountants • June 17, 2020

Single Touch Payroll - Closely Held Payees

The Tax Office has deferred the commencement date of Single Touch Payroll (STP) for small employers with closely held (related) employees until 1 July 2021 as a result of the current COVID-19 crisis. As previously advised, this was due to commence 1 July 2020.

A closely held (related) employee is someone who is directly related to the business, company or trust that pays them, such as:

- family members of a family business
- directors or shareholders of a company
- beneficiaries of a trust

If we have identified your entity as a small employer with closely held employees. Accordingly, your STP reporting commencement date has been deferred until 1 July 2021. You must ensure that you have sufficient processes in place to report via STP by this date. This may require an update to your current accounting software.

You can choose to commence STP reporting early if you wish assuming you have the appropriate software in place.
If you have any questions or concerns, please contact one of the team or myself.
By Rudd Mantell Accountants February 10, 2026
Let’s say you’ve just sold the house you inherited from your parents 12 years ago for $1.3 million. You’ve been renting it out for most of that time, but the property market has been hotting up and you were told by several real estate agents that they could get you a good price.
By Rudd Mantell Accountants February 10, 2026
This piece is aimed at self-employed clients, so if you’re a salary earner or a retiree you can safely move on to the next item.
By Rudd Mantell Accountants February 10, 2026
If you are owed money and you forgive that debt, potentially there are some important CGT consequences.
By Rudd Mantell Accountant February 10, 2026
Most people think of superannuation as money they can’t touch until retirement, but there are important exceptions. One significant exception is the permanent incapacity condition of release, which can allow people who are totally and permanently disabled to access their super earlier.
By Rudd Mantell Accountants February 10, 2026
If you find yourself in the position of having bought yourself a new home before you sold your existing home, there are important CGT issues to consider – and these centre on the fact that under the CGT rules, you cannot have two or more CGT exempt homes at the same time.
By Rudd Mantell Accountants February 10, 2026
Superannuation rules are always evolving, and 2026 is shaping up to be another year of important changes. Some of these updates may only affect a small group of people, while others could impact almost everyone with super.
By Rudd Mantell Accountants January 30, 2026
Many retirees dream of taking a “lap of Australia” in a caravan. A common question is what happens to the Age Pension and the family home if you leave it for a year.
By Rudd Mantell Accountants January 30, 2026
No doubt noting the growing trend for people to rent out property for short-term accommodation, the ATO has withdrawn a 40-year old ruling and replaced it with a new draft Taxation Ruling accompanied by two draft Practical Compliance Guidelines that between them cover everything relating to renting out all or part of your property without carrying on a business, including income and deductions in a variety of circumstances.
By Rudd Mantell Accountants January 27, 2026
With more than $4 trillion in superannuation, it’s no surprise scammers see it as a goldmine. ASIC has warned Australians to be on high alert after a rise in pushy sales tactics and false promises designed to lure people into risky super switches. Since your super is one of the biggest investments you’ll ever make, protecting it is crucial. Here’s what you need to know to keep your nest egg safe.
By Rudd Mantell Accountants September 1, 2025
An important reminder: Interest incurred in income years starting on or after 1 July will no longer be deductible, regardless of whether the debt relates to an earlier income year.