With the deadline for all employers to be Single Touch Payroll (STP) compliant fast approaching, it is imperative to review the STP requirements to ensure you are ready from 1 July 2019.
STP is a change in the way payroll information is reported by employers to the ATO. It requires an employer to report year to date payroll and superannuation totals for each employee, when the employees are paid i.e. each week, fortnight or month and it is compulsory for all employers, unless a deferral or exemption has been granted.
Our team have developed an information pack to help you prepare for STP roll out. It includes information on what to report, what are the best reporting methods, how to select or enable your software and links to useful guides from ATO and software providers.