What is STP
Single Touch Payroll (STP) is a mandatory Australian government legislative requirement that begins on 1 July 2018 – impacting employers with 20 or more employees.
STP required employers to use their payroll software solution to report salary or wages, pay as you go (PAYG) withholding and super information directly to the Australian Taxation Office (ATO), at the same time you pay your employees.
Nearly 80% of respondents to a recent poll* said they were “concerned or worried” when asked how confident they were that their business processes were STP-ready.
This is one of the biggest changes since the introduction of PAYG – and an opportunity for efficiency improvements in your business. Watch or read the resources below to ensure you are ready to help your business take advantage of every benefit.
*Get your business ready for Single Touch Payroll legislation, Webinar, 20 February 2018