With so many compliance dates to remember in the next quarter we have prepared a summary for businesses to keep you on track of employer obligations.
PAYG Payment Summaries DUE 14 July
Under pay as you go (PAYG) withholding, you must provide each of your employees, workers and other payees a payment summary showing the payments you have made to them and the amounts you withheld from those payments during the financial year.
It is important you provide payment summaries to all your employees even if you were not required to withhold any tax.
The deadline to provide your employees their payment summaries is 14 July 2019.
PAYG Withholding Annual Reports DUE 14 August
Once you have issued PAYG Payment Summaries you must lodge a PAYG payment summary statement of all wages, salaries and other work related payments to your workers, and the amounts withheld.
The PAYG Withholding Annual Report lodgement due date with the ATO is 14 August 2019.
Single Touch Payroll
You may be exempt from giving payment summaries and a payment summary annual report for the amounts you reported through Single Touch Payroll (STP). Instead you make a finalisation declaration as part of your STP reporting.
You can make a finalisation declaration for an employee any time during the financial year (for example, for employees who have ceased employment), or after the end of the financial year up to 14 July. There is additional time for employers to make a finalisation declaration in their first year of reporting through STP.
- Employers who started reporting in the 2017–18 financial year have until 14 August 2018.
- Employers who start reporting in the 2018–19 financial year will have until 31 July 2019.
TPAR = Taxable Payments Annual Report DUE 28 August
From 1 July 2019 businesses in the Building and Construction, Cleaning or Courier industries who have paid for contractors throughout the year are required to lodge a Taxable Payments Annual Report (TPAR).
Your TPAR will be due for lodgement by 28 August 2019 and will report all contractors payments made during the 2019 Financial Year (1 July 2018 to 30 June 2019).
If less than 10% of your businesses total turnover is from services from cleaning or courier activities you will not need to report payments made to contractors.
If your level of record keeping isn’t adequately capturing the information required, you’ll need to review the way you keep records.
The details you need to report include:
- The contractor’s ABN
- Their name (individual or business)
- Their address
- The gross amount you paid to them for the financial year, including any GST paid and any tax withheld
If your business falls under an industry that needs to report to the ATO and you think you need assistance setting up tracking payments to contractors in your chosen accounting software and/or lodging the TPAR, please get in touch.
WorkCover Annual Wages Declaration DUE 31 August
WorkCover Queensland’s accident insurance policies are due for renewal from 1 July–31 August each year. Employers must declare their wages to WorkCover annually to ensure they have the right level of cover when renewing their policy.