STP 2
Does wages for the director and sole employee of a company get tagged in STP 2 as wages or Arms Length employee
Best Answer
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If they're employees within the standard payroll, they're just considered normal SAW (Salary & Wages) The CHP category is only for those currently reporting as CHPs (pre-STP2) 😊
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Answers
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Thanks Shaz, I did my first migration today and was surprised at how simple it was, only 2 employees. This is where I noticed the arms length category in wages type.
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I'm not upgrading any until after EOFY as it was Reckon's recommendation to complete current FY payroll & Finalise first 😬
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I’ve balanced everything for wages for this entity and was keen to see what I will be up against next week. I have exported the end of year file but rather wait until the bank is reconciled to submit
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Hey Kris 😊
Did you use the Migration Assistant or did you update your employees manually? The team is pretty keen on hearing any feedback around it now that the earlier issues have been straightened out.
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I used the assistant, this is only a small entity with 2 owner employees. It was very easy, only basic payroll items, then ran the complete migration assistant step and it asked if I wanted to update the super rate.
was pretty simple in fact.
the only thing I didn’t do beforehand is submit the EOFY file, I am waiting to do that until the bank account is reconciled
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Awesome to hear @Kris_Williams, thank so much 😊
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