Easy rid­ers coming to WA

Cockburn Gazette - - NEWS -

THE way you re­port em­ployee pay­ments and su­per­an­nu­a­tion is set to change with the Fed­eral Gov­ern­ment pass­ing leg­is­la­tion to ex­tend the Sin­gle Touch Pay­roll (STP) to all em­ploy­ers from July 1, 2019.

Under the re­quire­ments of STP, small busi­ness owners will have to re­port pay­ments such as salaries and wages, pay as you go (PAYG) with­hold­ing and su­per­an­nu­a­tion directly to the Aus­tralian Tax­a­tion Of­fice (ATO) via an on­line pay­roll solution.

The ATO has in­tro­duced STP to stream­line pay­roll pro­cesses, pro­vid­ing greater trans­parency around su­per­an­nu­a­tion en­ti­tle­ments.

The new sys­tem will al­low the ATO to re­ceive on­go­ing notificati­on of em­ployee pay­ments as they are made. Small busi­ness owners will also no longer need to pro­vide pay­ment sum­maries to em­ploy­ees at the end of fi­nan­cial year and em­ploy­ees will be able to ac­cess their year-to-date tax and su­per informatio­n via the my­Gov web­site.

If you use on­line pay­roll soft­ware, talk to your soft­ware provider to en­sure it is STP com­pli­ant.

Most pay­roll sys­tems have de­vel­oped STP com­pat­i­ble so­lu­tions.

If you use man­ual sys­tems, you will need to re­search op­tions for on­line re­port­ing.

Mi­cro busi­nesses with fewer than five em­ploy­ees can ac­cess on­line STP com­pli­ant soft­ware for $10 per month.

The ATO web­site has a full list of low-cost op­tions.

Small busi­nesses can also use a reg­is­tered tax agent or pay­roll ser­vice provider to re­port STP.

You have until Septem­ber 30, 2019, to start us­ing STP. You can also start us­ing STP be­fore this date if you wish.

Visit www.ato.gov.au for more de­tails on STP. EURO­PEAN ci­ties and their bike-rid­ing culture has in­spired Ju­lian Ilich to want to bring the same to WA.

Tiller Rides was founded in Fre­man­tle and set out to de­sign an ur­ban bi­cy­cle that the ev­ery­day per­son could use.

Mr Ilich said he had al­ways rid­den bikes but some­times it could be a lo­gis­ti­cal night­mare.

“You have make to sure you have your lock, make sure your lights are charged and have patches to fix your tyres,” he said.

“If you look at other places in the world, they walk or cy­cle rather than use cars.

“Living just out­side of Freo, I re­alise how painful bike rid­ing can be.

“I started to look for a bike with fea­tures built in but it didn’t ex­ist.

“Our locks are built in and can tether to some­thing. It also has an alarm sys­tem that is mo­tion­based; it will give a cou­ple of warnings then the alarm will sound.

“A text mes­sage will be sent and it will ini­tialise GPS.

“The mo­tor will shut it­self down so it won’t be a us­able bike.

“To sell the bike to your friend, you have to trans­fer own­er­ship like a car; it is part of the five-part an­titheft sys­tem.”

The bike also fea­tures built-in lights which are charged by two bat­tery packs and turn on au­to­mat­i­cally.

Mr Ilich said he wanted to con­trib­ute to more sustainabl­e ci­ties.

The first edi­tion Tiller Rides is avail­able for pre­order.

For more informatio­n visit www.tiller­rides.com.

D492291

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