ABOUT THE EVENT

Pete and Kelvin will introduce the STP2 concepts and what they mean for a bookkeeper and their clients. The session will:

• Highlight how to make the most of your STP2 Intensive Workshop Experience
• Explore the layers of STP2 Disaggregation
• Look at the Government agencies that will be using STP2 data and why
• Introduce the video session content and the speakers
• Consider how you should approach your STP2 journey

Chontelle Weyman and Haydon Green from the Australian Taxation Office have been part of the ATO’s Single Touch Payroll taskforce for some time, working diligently to produce a range of ATO content for the business community and their advisors as the transition from STP1 to STP2 takes place.

In this session, Chontelle and Haydon look at:

• STP2 Reporting what changes and what is staying the same
• The transition options available to get your clients up and going on STP2
• A walk through the Income Type Fields for STP2
• Consideration for the new Employment Basis Fields for each employee

In this second session delivered by Chontelle Weyman and Haydon Green from the Australian Taxation Office, Chontelle and Haydon look at additional components of STP2 reporting including:

• STP2 – The basics (what to report, who reports and the due dates)
• The components of STP2 reporting
• The corrections framework and how to correct an error
• Finalisations of your STP2 file
• Employee’s and what to expect under STP2

Practical demonstration

No matter which software product you use, all payroll software has had to incorporate new and additional features to cater for the move to STP2. The ATO has worked with the software companies to ensure consistency of the new definitions and reason codes that will form the basis of the new STP2 reporting.

In this session, Leanne Berry from MYOB looks at:

• The role software plays in STP2 reporting
• Both the existing and new workflows required with your clients
• Preparing yourself for STP2
• The new report categories that appear in STP2 software
• Collecting and collating employee data to add to your STP2 report

Kerrie has been heavily involved as a practicing BAS Agent and as a Bookkeeping Industry Representative, working with the ATO to ensure the transition to STP2 is as smooth as possible. Disaggregation is the basis of STP2 reporting and can be quite difficult to grasp as it is all about splitting up a payroll into smaller components.

In this comprehensive session, Kerrie delivers all the details relating to:

• The new Income Types to be reported under STP2
• The Need for any Country Codes
• The purpose of Disaggregation
• Disaggregation and pulling apart the key reporting components

Practical demonstration

The theory is one thing but seeing how Disaggregation is applied practically in software is a key learning, as you transition your clients to STP2. Join Kerrie and Leanne, for this practical demonstration which looks at:

• 5 Key changes all software will need to deliver with STP2
• Setting up a payroll for each employee and the relevant STP2 codes to use
• Allowances reporting has seen significant change under STP2 and Leanne and Kerrie work through the practical approach to deal with the new requirements

It is not an uncommon scenario to see employees transfer, resign, retire or be dismissed. STP2 sees further disaggregation of the payments that are made to an employee in these circumstances.

Join Australian Bookkeepers Network Director, Kelvin Deer as he discusses the STP2 implications for:

• Resignations, retirements, and terminations
• The STP2 treatment for the various payments that are made to employees on ending employment
• New cessation date and reporting reason codes to add to the STP2 payroll
• The importance of payer and payee ID in your software when and employee transfers within a business

The disaggregation of Allowances paid to employees is going to be arguably the single biggest area of concern for payroll providers and government agencies. Kerrie will explain:

• Why Disaggregation of Allowances are so important to get right
• What’s reportable and What’s not under STP2
• The 9 disaggregation components for Allowances and a walk through of the key issues to consider

This final session on Disaggregation and other reporting requirements, brings together all the “Odd Socks” from STP2 reporting. In this session Kelvin takes a look at a number of different STP2 reporting components and their treatment including:

• Salary Sacrifice Arrangements
• Work related deductions
• Child support deductions
• Superannuation reporting
• Reportable Fringe Benefits and Reportable Employer Super Contributions

Practical demonstration

Having heard the theory about “Other Components and STP2”, Leanne Berry from MYOB joins Kelvin to consider the practical implications within your software and delivers a practical demonstration of the treatment of the “Other Components” for STP2 reporting.

STP2 is going to present what will arguably be the largest changes since the introduction of GST. ABN Director Peter Thorp is going to deliver a comprehensive session on what this means for bookkeepers, their business model and the opportunity STP2 brings with it. Peter’s session will include:

• What is the opportunity and the Business Model being presented to bookkeepers
• Planning and implementation will be critical and ABN has the resources to save you hours of time
• Client Interactions and the key message to be provided to your clients and their employees
• STP2 Risk Assessment for BAS Agents
• Marketing for STP2
• Redefine Payroll Services and Fees for your business

In addition to the video’s and presenter slides, ABN has produced a significant range of additional resources to assist with your understanding and learning of STP2. Join Peter and Kelvin for the STP2 Wrap and learn what additional resources will assist you to get the most out of the STP2 Intensive Workshop and take a quick tour of some of the main resources available to you.

Having listened to each of the sessions and done some further reading of the resources included in the event, you will no doubt have some questions. Join the session speakers live in a panel discussion to hear the answers to the most commonly asked STP2 questions from our delegates.

The opportunity will be given to pre-submit your questions where they will be collated into categories and our speakers will provide the answer.

More information will be provided to Delegates in the coming weeks as to how to submit your question and full details of the Live Q&A session.