Are You Single Touch Payroll (STP) Ready?April 20, 2019
Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It is required from the 1st of July 2019 for all employers with less than 19 employees. For employers with over 20 employees this starts on the 1st of April 2019.
You will report the following information through an STP ready solution – such as payroll software:
- Payments to employees such as salaries and wages
- Pay as you go (PAYG) withholding
- Super information
The way you pay your employees won’t change, however you will be sending your information to the Australian Tax Office each time you pay them. We can recommend software for ease of reporting to the ATO. Give us a call now to be ready for July 1…