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Do you know what STP is?

If not you had better read ahead.

Single Touch Payroll (STP) is coming and is a mandatory ATO requirement for anyone paying employees from 1/7/19.

Employees who don’t pay their tax or super obligations are on notice. This info is now going to be sent through your payroll system every pay day. ATO will then get reporting from Super funds to match what you should have paid to what you have actually paid. Its about streamlining end of year processes as well.

Take a read of this link. For those of you using Xero its all STP ready. Get in touch if you are not sure how you will comply with STP. We can help.

https://www.ato.gov.au/Business/Single-Touch-Payroll/About-Single-Touch-Payroll/




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