Newsletter; SA Business Hardship Grant & Single Touch Payroll (STP) Phase 2
SA Business Hardship Grant
A business with a 50% decline in turnover from:
27/12/2021 to 9/1/2022; compared to
27/12/2019 to 9/1/2020.
May be eligible for the following grant:
$6,000 if an employing business; or
$2,000 if a non-employing business.
An additional $2,000 is available if the business is located in the Adelaide CBD.
The grant closes 31 March 2022.
Single Touch Payroll (STP) Phase 2
From 1 January 2022, STP reporting was expanded to capture more employee information. This includes:
- the components that make up the gross income (gross pay, paid leave, overtime, etc);
- TFN declaration information;
- superannuation liability information;
- child support deductions;
- employment basis;
- termination details.
STP information will also be shared with Services Australia.
If you’re currently using software such as QuickBooks or Xero, all the changes will happen automatically in the background. QuickBooks and Xero have both been granted a delayed start date from the ATO for all customers (until 28 February 2022 for QuickBooks and 31 December 2022 for Xero).
