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Are you ready? Single Touch Payroll (STP)

The ATO now requires payroll and superannuation information at the time it is created (Eg. Payroll processed date and Superannuation payment date) for employers with over 20 employees. ARE YOU READY?? This will come into effect for all employers on the 1st July 2019. Your business will need to use the standard business reporting (SBR) enabled software, could process manually via your ATO business portal or authorise your tax agent to lodge details on your behalf.

BUT THERE IS BENEFITS – You will no longer need to provide employee payment summaries and prepare the annual payment summary report.

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