Payroll platform release notes: Week 34 2021

Overview

Over the last week, we have released new updates to our Payroll Platform Closely Held Employees feature and added a new Deduction Importing feature. Read on below to see the details of what these changes entail.

Closely Held Employees Deduction Importing

We have released the following functionality:

  • The ability to select a reporting method for closely held employees: You can now select whether you will report your closely held employees on a per pay run basis or a quarterly basis.
  • Quarterly STP reporting for closely held employees: For employees who you report on a quarterly basis, we have created a new process for you to follow when lodging pay events for these closely held employees.

Any existing employees classified as closely held as at 20 August 202 will have the new quarterly reporting method automatically applied.

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