STP Reporting from two Company files with the same ABN

Question

We need to set up two company profiles so the tracking for accounts remains totally separate.

Want to know from someone who has done this. If the company name and ABN are the same for both profiles will the payroll and STP report collate the information correctly.

We need two profiles as the trading name and locations are different.

Hoping someone can tell me the reporting will be fine with two companies files both with the same company details (for payroll reporting only).

Many thanks

isaiah_c · Answer

Hi amy286,
&nbsp;
Yes, you can have two separate company files with the same ABN, but there are few things to keep in mind. Since both files report under the same ABN, STP submissions need to be managed carefully to avoid duplication. Payroll processing should also be checked to ensure employees aren't reported twice for tax and super. BAS and financial reporting may require extra attention to keep everything accurate.
&nbsp;
While it's doable, it's best to check with your accountant to ensure everything stays compliant with ATO requirements.
&nbsp;
Regards,
Sai&nbsp;

Forum Discussion

STP Reporting from two Company files with the same ABN

1 Reply

Looking for something else?

Related content

Confirm Company File

Activating a company file

Company File ID

Multiple Company files

Creating a company file

Closing company file

Can not Confirm Company File

Company file GUID