Sydney, Australia – 30th April 2018 – Sage (FTSE: SGE), the market leader in cloud business management today announced that it had successfully completed the ‘whitelisting’ process for its Sage MicrOpay and Sage WageEasy solutions. The Australian Taxation Office (ATO) ‘whitelisting process tests the compliance of software to the ATO’s upcoming Single Touch Payroll reporting requirements.
The requirement comes in to effect on 1 July 2018 for employers with 20 or more employees to report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO directly at the same time they pay their employees.
Sage has been working closely with the ATO to ensure its payroll solutions would be compliant with the requirements.
Simon Berglund, Vice President Customers for Life, Sage Australia, said: “Sage has been part of the ATO’s STP reporting Working Group since its inception and we have worked hard to make STP reporting core to all our payroll solutions. Our aim through the process has been to make the transition to STP as simple as possible for our customers and we are proud to be among the first vendors whose solutions are considered compliant by the ATO.”
Sage serves more than 26,000 customers across Australia and the Pacific and is a market leader in payroll solutions. As part of its efforts to educate customers on the changes, Sage has developed a web portal with detailed information including STP readiness self-assessment, industry resources, key dates, FAQs and readiness checklists to help businesses prepare for STP. The portal can be accessed at https://www.sage.com/en-au/single-touch-payroll.
“We encourage all relevant business managers, especially payroll, finance and HR professionals to educate themselves on the changes and to talk to their software vendors or outsourced payroll providers to ensure they will be compliant,” said Berglund.
“While there may be some short-term uncertainty while STP rolls-out we believe that longer term STP should minimise mistakes in reporting and reduce the overall administrative burden on businesses and employees,” he added.