08 Oct Single Touch Payroll (STP)
Posted at 14:14h in Latest News 0 Comments
Single Touch Payroll (STP) works by sending tax and super information from your STP-enabled payroll or accounting software to the ATO as you run your payroll. It is mandatory for all employers to use STP:
- STP started from 1 July 2018 for employers with 20 or more employees.
- STP started from 1 July 2019 for employers with 19 or less employees.
Your STP-enabled payroll software will send the ATO a report which includes the information they need from you, such as:
- salaries and wages
- pay as you go (PAYG) withholding
- super liability information
More information is available on the ATO website – ato.gov.au