COMPLIANCE AUDIT - IS YOUR PRACTICE COMPLIANT? Are you compliant? You think so. But have you checked? Compliance areas you should audit: 1. Data security (client data encrypted, backed up, secure) 2. Privacy (complying with privacy law) 3. Tax (you're calculating taxes correctly, lodging on time) 4. Superannuation (paying contributions on time) 5. BAS (lodging accurately, on time) 6. STP (payroll reporting to ATO weekly) 7. Accounting standards (using correct accoun

Single Touch Payroll (STP) seemed like it would simplify things. Instead, it's created a new admin nightmare. You're now: - Tracking payroll changes weekly (employees, rates, deductions) - Reporting to ATO weekly (automated reporting requirement) - Fixing corrections when mistakes happen - Managing client confusion (they don't understand STP) - Dealing with penalties if you miss deadlines - Spending 5-10 hours/week on STP admin (you or your staff) For a practice with 50