STP Phase 2 Implementation
Businesses need to be aware of a key change affecting employees and the way their pay information is reported to the ATO. Your payroll software will need to be reviewed and settings for employees updated. We want to let you know about this now, so you can plan to either adjust your payroll settings yourself […]
Single Touch Payroll Reporting Changes Announced by the ATO
The Australian Taxation Office (ATO) has recently announced changes to Single Touch Payroll (STP) reporting requirements for employers. These changes reflect measures that were announced in the 2019-2020 Federal Budget. The changes are collectively known as ‘STP Phase 2’. They are intended to reduce the amount of reporting necessary to different government agencies. STP reporting […]
Single Touch Payroll now required for all Australian Businesses
Single Touch Payroll (STP) was introduced on 1st July 2018 for all businesses with 20 or more employees. The laws to extend the Single Touch Payroll (STP) reporting requirements so they apply to all employers with less than 20 employees has now passed the Senate and will be Law. This means the STP regime is […]
Get Ready For Single Touch Payroll
Single Touch Payroll is a government initiative to streamline business reporting obligations. When an employer pays their employees under Single Touch Payroll the information will be sent directly to the ATO at the time of the payroll. Key features: Employers with 20 or more employees will be required to start reporting through Single […]
