Payroll Processing
In a small business your team are often an extension of your family. RNA Bookkeeping can make sure that your payroll works for both you and your employees.
Payroll is a complex process which requires accuracy and attention to detail. RNA Bookkeeping can streamline your payroll processes to ensure that your payroll is managed in a timely, efficient, and accurate manner.
What we can take care of for you:
The processing of each pay cycle from start to end to ensure it runs like clockwork.
Your compliance with all relevant legislations including Single Touch Payroll (STP), PAYG and Superannuation obligations.
Salary Sacrifice contributions to meet your industry standard.
Payroll reporting as required by you.
Did you know?
STP (Single Touch Payroll) reporting was initiated by the ATO for ALL employers on 1 July 2019. Before then only businesses with 20+ employees were obligated to STP.
For STP you must have compliant payroll software as well as report employee PAYG and superannuation to the ATO with every single payroll processed.
Are you a business owner? Do you understand STP?
As of the 1st of January 2022, STP requirements have changed and phase 2 has been rolled out nationwide.
There are many benefits of STP phase 2 some of which include:
- Reduced reporting burdens of employees to multiple government agencies
- Ensures employees get paid the right amount at the right time
- Tax time made easy, the ATO will now pre-fill individual tax returns
To be in compliance with STP phase 2 you will need to use an enabled software such as MYOB or Xero, here at RNA bookkeeping we make transitioning to the new ATO requirements easy.
