Many of you have been asking "What do I need to do to be STP Phase 2 compliant?" and we finally have a roadmap to share with you. Single Touch Payroll (STP) is a way of reporting your employees’ salaries, wages, tax withheld and superannuation to the ATO with each payrun.
Stage 1 - Employee Transition (from late August) You will need to transition your existing employees to be STP Phase 2 compliant. This will involve providing new details on these staff. For example, is the staff member an employee or a contractor?
Please watch the short video below for a summary of what will be asked and how to complete it.
The above video will help you understand the process of STP Phase 2 Employee Tranistion.
Stage 2 - Identify & Reclassify Pay Items (coming soon!)
New earning types will be created in Xero Payroll. You will then need to identify and reclassify pay items with these new earning types.
Stage 3 - Review & Update Leave (coming soon!)
Paid leave will be broken down into additional subcategories, so you will need to review and update your existing leave items. Xero will provide more guidance on these new reporting requirements.
Xero Price Increase
Effective from the September Bill
We are writing to let you know that Xero are increasing their pricing. The increase is different per plan, so please keep an eye on your next Xero bill. Don't forget to update your recurring payments to reflect this change.
For more information see the Xero pricing page.
Baplink welcomes Shane Seaton!
Baplink welcomes Shane Seaton to the team! Many of you have likely already spoken with Shane as he learns the ropes in the Ops team. Eventually he will be joining the Xero Support team and will be involved with Projects. Please joining us in welcoming Shane!