Easy riders coming to WA
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.