Single touch payroll (STP) is NEW for ALL employers from 1 July 2019. ARE YOU READY? This will impact all employers, including Mum and Dad businesses!
STP is a new, compulsory way to report your employees’ payroll information to the ATO. This new compliance regulation requires employers to send employee payroll information, including salary, wage, PAYG withholding and superannuation to the ATO every time you pay your employees. With STP employers no longer need to complete payment summaries and group certificates at the end of the financial year. Watch the video below to see how STP will work.
- What is Single Touch Payroll (STP)
- How does STP affect me?
- No cost and Low cost STP software available to you
- Penalties for non-compliance