#Single Touch Payroll
Single Touch Payroll (STP) now in effect for small businesses
Small business owners are encouraged to get on board with a new ‘Single Touch Payroll’ system that comes into effect from today for employers with less than 19 employees. Minister for Finance and Small Business Damien Tudehope said the NSW Government had been helping businesses prepare for Single Touch Payroll with workshops through its Business […]
Ready for STP payroll? The latest ATO update
John Shepherd, Assistant Commissioner, Australian Taxation Office delves into some of the finer detail ahead of the 1 July move to Single Touch Payroll (STP), a change to the way larger employers report tax and super to the ATO. The 1 July start for Single Touch Payroll (STP) is fast approaching, and all larger employers, […]
How to set up your business for single touch payroll compliance
The Australian Taxation Office (ATO) reports that, as of 1 July 2018, companies with 20 or more people on staff will be required to comply with a new system of real-time wage reporting called Single Touch Payroll. If you have fewer than 20 employees, you have an extra year, or until 1 July 2019, to […]