Managing Closely Held Employees from 1 July 2021 | Video

This video applies to any business with 19 or less employees that pay closely held payees and who are obligated to commence reporting STP events for closely held employees from 1 July 2021. 

A closely held employee (payee) is one who is not "at arm’s length". This means they are directly related to the entity from which they receive payments. Examples include:

• family members of a family business;
• directors or shareholders of a company;
• beneficiaries of a trust.

For a detailed article on managing closely held employees, click here.