What are the STP employer benefits?

PAYG payroll reporting (your STP report) is combined with your pay run process. You send this information to the ATO every payroll event instead of once a year in July, helping you gain valuable time around end of financial year. The ATO pre-fills PAYG withholding payroll fields W1 & W2 in your BAS, eliminating potential errors and double handling. You are no longer required to generate and distribute payment summaries to employees as this information is available online via a myGov account. On-board new employees quickly with online commencement forms including Tax File Number Declaration and SuperChoice.

What is a closely held employee?

A closely held employee is a person who’s directly related to the business, company or trust that pays them. In most cases this is: a family member of a family business directors or shareholders of a company beneficiaries of a trust A regular employee not directly related to the business is sometimes refereed to as an arms length employee.

Are there any concessions or deferrals for my business?

There are a number of concessional reporting options available for specific businesses or those experiencing exceptional circumstances. Eligibility depends on your circumstances, please see the ATO website for more information.

Situations where STP reporting is not required

You may no longer be required to lodge Single Touch Payroll (STP) reports if your business: no longer has employees has ceased trading has changed structure is not paying employees for the rest of the year is paused due to COVID-19. See the ATO website for more information on your specific circumstances.

What are the STP employee benefits?

Real-time access to year-to-date payments and contributions via MyGov including superannuation, income and tax. Your payroll information is pre-filled in your tax return, making it easier and quicker to complete as you won’t need to wait for a payment summary from your employer. They report it during the year via their STP reports. Electronic commencement forms including a pre-filled Tax File Number Declaration and SuperChoice form makes starting a new job easier.

IPA Books+ Rebrand to Reckon One

Find out everything you need to know about the IPA Books+ rebrand to Reckon One.

What is changing?

Reckon were excited to recently announce that IPA Books+ and the IPA Books+ Cloud Advisor program, are being rebranded to Reckon One.

IPA Books+ was created as a value-add that exclusively benefited IPA members and their clients. Underpinning this offering is Reckon One, Australia’s best value cloud accounting and payroll software, providing ease of use and flexibility.

Generate 20+ different reports. Create impressive reports, and use powerful tools to gain insights. For instance compare net positions between quarters, then 1-click to easily ‘drill down’ to the details.

What does this mean IPA Books+ users and Cloud Advisors?

The changes are related to the branding only, meaning we will be changing a few colours and swapping the IPA Books+ logo with our Reckon logo. Your software operation and all the features and functionality that you’re familiar with will remain the same.

From Wednesday 1 March 2023, you will access your books using the Reckon One Portal, instead of the IPA Books+ Portal. This new portal link can be found here, and we recommend you save this to your favourites so you are ready to go. Your login details will remain the same.

What you know & love, now with more benefits

IPA Books+ and Reckon One are the same product, so there’s no need to learn anything new. Reckon One however does comes with many more benefits. You can continue to enjoy the same software that delivers real value for money, flexibility and control, and unmatched support, plus:

Access our latest integrated Reckon Payroll and Invoicing apps
Enjoy additional functionality with our Reckon Insights reporting software
Gain free access to the Reckon Community and The Reckon Training Academy packed with webinar, tutorials and more to help your business succeed
Access the Reckon Mate employee app
Revised partner programs with added benefits
Additional resources, training, events & marketing benefits.

What do I need to submit? Each time you finish a pay run you need to send a report of the employee payroll information to the IRD. Your report will include the following information for each employee: Pay period, pay cycle (weekly monthly etc) and payday date The employee’s full name, IRD number and tax code The employee’s total gross earnings The amount of PAYE, including tax on scheduler payments Child support or student loan deductions if applicable KiwiSaver deductions KiwiSaver employer contributions if applicable Employer Superannuation Contribution Tax (ESCT) Start and finish dates if an employee starts or stops working for you during the pay period

Frequently asked questions

When will IPA Books+ be rebranded to Reckon One?

The change will take place on 1 March 2023, please keep an eye on your email inbox and look out for our product announcements with further information.

Are there any changes to the way my software operates?

No. The changes are related to the branding only. This means we’re changing a few colours and swapping the IPA Books+ logo with our Reckon logo. Your software operation and all the features and functionality that you’re familiar with remain the same.

Will there be an increase in price?

No. Your monthly subscription fees will remain the same.

Who will I contact for support?

The same great team are standing by ready to assist. The only change you’ll notice is that will be that you’ll receive a warm welcome to Reckon One support instead of IPA Books+.