Single Touch Payroll & Closely Held Payees

🍃 U P D A T E 🍃
SINGLE TOUCH PAYROLL & CLOSELY HELD PAYEES

A 'closely held' (related) payee 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

The ATO has made an exemption for small employers (those with 19 or fewer employees) meaning they don't need to report closely held payees through Single Touch Payroll enabled software until 1 July 2021.

In response to COVID-19 crisis, they have extended the deadline from 1 July 2020 to 1 July 2021.
If you have other employees ('arms length' employees), they must be reported through Single Touch Payroll on or before each payday, unless you are eligible for a micro employer reporting concession (those with one to four employees).

IF YOU'D LIKE ANY FURTHER INFORMATION, please contact us or the ATO.