STP mess

Carl Butler
Carl Butler Member Posts: 1
edited August 2020 in Reckon Accounts (Desktop)
Hello. I am the director and sole employee of my business. My pay in transferred weekly but my super is paid quarterly. so I only need to do 4 STP reports a year. However My income statement from ATO does not reflect my true income and tax amounts for 19/20 FY. Partly due to a botched first attempt and I was not able to do payrun reports via the app this year due to being overseas - and not being able to access the app (I could not receive PIN verification). How do I correct Reckon STP app payruns and add in missing payruns for FY 19/20?

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,272 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited August 2020
    STP isn’t just to handle super, I thought it had to be lodged every pay
  • Bruce
    Bruce Member Posts: 439 Professional Partner Professional Partner
    edited August 2020
    That is my understanding as well (unless there is something special for micro-businesses)
  • Acctd4
    Acctd4 Accredited Partner Posts: 3,366 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited August 2020

    Yes, Kris & Bruce are correct - STP is required to be lodged PER PAY - If your Pay is weekly, your STP lodgements should be being submitted weekly!

    Remember, STP updates YTD balances each submission.   

     

    With STP reporting, it just includes the Super totals also (unlike previous annual Payment Summaries which only reported Gross Payments, Allowances & PAYG Tax Withheld)

     

     

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    shazinoz2@bigpond.com

    www.accounted4bs.com


    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)