Migrating to STP Phase 2

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Chet
Chet Member Posts: 36

Hi Rav,

I've read the articles and watched the video on STP Phase 2 migration.

Just a question, before i embark on migration that i was hoping you can answer.

Do we need to ask all our employees how many dependants they have and what their Medicare levy surcharge tier is?

Is there any other info we need about our employees that we need to gather before migrate to STP Phase 2?

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  • Chet
    Chet Member Posts: 36
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    Thank you Rav, i'll have a further read of this.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,482 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    @Chet Only if the employee selected this on their TFN Declaration (Most employees don’t know what this actually is so I’m yet to see it myself 😬)

    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 *

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    shaz@accounted4.com.au

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    (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!)
  • Chet
    Chet Member Posts: 36
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    Ha, thanks Shaz.

    Glad i'm not the only one in the dark. I looked up an employee's tax file declaration and this isn't even asked, so i was kinda caught off guard by this new requirement.