ATO Compliance Penalties
Definition
Failure to comply with Single Touch Payroll (STP) Phase 2 and BAS/GST lodgements results in fines for IT firms handling employee payroll during audits.
Key Findings
- Financial Impact: AUD 330 per STP failure + AUD 222/day late BAS; typical AUD 5,000-20,000/year for SMEs
- Frequency: Quarterly BAS + payroll cycles
- Root Cause: Manual data extraction from IT systems for ATO reporting
Why This Matters
The Pitch: IT System Operations players in Australia 🇦🇺 waste AUD 20,000+ annually on STP/BAS penalties. Automation of compliance reporting eliminates this risk.
Affected Stakeholders
IT Managers, Finance Teams, Payroll Officers
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Software Licence Audit Fines
IT Audit Preparation Overheads
Patch Management Rework Costs
Overtime Costs for 24/7 Monitoring
Downtime Losses from Poor Monitoring
Capacity Loss from Manual Testing Downtime
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