Closely held employees

Question

Hi, my ID 119999, My husband & I are closely held employees and I did not use STP payroll last year. I just watched the webinar for STP 2, a lot of was irrelevant to me.

I realise that I need to use STP 2 for next financial year. Is there any help available?

After watching the STP webinar, I imagine that just for 2 employees , the process is not difficult?

I am not supposed to use group certificates now either, so how do I report to the ATO?

I appreciate any advice.

Thank you.

Sandra

Datarec · Answer

Also in the Reckon Accounts Hosted or Reckon Accounts desktop, you can edit the employee and set the Income Type = "CHP - Closely Held Payees" as part of the process of getting the employee records STP2 compliant.

Datarec · Answer

Some info from the ATO on 'Closely Held Payees'.

https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/single-touch-payroll/concessional-reporting/closely-held-payees