STP PHASE 2

Can anyone tell me if our software is enabled for STP PHASE 2?

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 1,934 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Rachael

    Reckon have sent out communication on this as they - like most of the other accounting software providers - currently have an extension in place to the end of this calendar year, to have this implemented.

    They are working on the development for it so we'll likely have further info about it in the latter half of the year 😊

    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

    0422 886 003

    [email protected]

    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!)
  • Rachael Bonello
    Rachael Bonello Member Posts: 22

    Thankyou. If you don't mind me asking. What is the difference between STP PHASE 1 and Stp phase 2? Ie what are the changes? Sorry to be a pain!

  • Acctd4
    Acctd4 Accredited Partner Posts: 1,934 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited May 26

    No problem Rachael ☺️

    Currently, STP only reports Gross, PAYGW, Net, SGC & RESC amounts. The 2nd phase of the rollout will just be breaking this down further to itemise & report on specific Allowances, Leave, Termination amounts & Deductions.

    The purpose of this is for STP to eventually flow through to all government agencies eg Centrelink, Child Support etc to eliminate the need for employers & employees to have to report payroll/earnings separately.

    Reckon have released more details this month here:

    https://www.reckon.com/au/support/stp-phase-2/?fbclid=IwAR0NivSIpyBJwNpQI95LiqKFdy21BXOgZ78GlxlSXRnqyaSRFbyduFySPSI

    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

    0422 886 003

    [email protected]

    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!)
  • Rachael Bonello
    Rachael Bonello Member Posts: 22

    Thankyou so much! Your a gem!