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07 Oct 2021 Small Business Measures

STP quarterly reporting due dates: Small employers and micro employers

Changes to Single Touch Payroll (STP) reporting apply from 1 July 2021 for small employers with closely held payees and for micro employers reporting quarterly.

If you use either of these STP reporting concessions, your STP report is due at the same time as your activity statement.

For small employers: 

  • From 1 July 2021, small employers must report any closely held payees through STP. You can report these payees every pay day, or you can choose to report quarterly. 

For micro employers: 

  • From 1 July 2021, STP quarterly reporting concessions for micro employers are only available to those who meet certain eligibility requirements. These now include the need for exceptional circumstances to exist. Registered agents must apply for this concession on a client’s behalf. 

More information can be found here. 

Fact sheet: Home-based business expenses 

If you have clients who are claiming deductions for home-based business expenses, the ATO’s updated fact sheet can help them understand when they may be able to claim running and occupancy expenses. 

Is home your main place of business? 

If you are a sole trader or operate your business as a partnership, you may be able to claim some running expenses if your home is your main place of business. 

You can use one of the following methods to calculate your expenses: 

  • Actual cost method
  • 52 cents per work hour fixed rate, which covers heating, cooling, lighting, cleaning and depreciation of furniture and furnishings
  • 80 cents per work hour temporary shortcut method, available from 1 March 2020 to 30 June 2021 and covers all expenses. 

More information can be found here.

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