Single Touch Payroll is coming... Are you ready?
What is Single Touch Payroll (STP)? STP will require you to have your payroll transaction data transferred to the ATO each time your employees are paid. Your payroll software solution or reporting system must be STP Compliant, so that each pay cycle you can report the following items to the ATO: each employee’s name and tax file number (TFN) gross amount paid tax withheld any superannuation guarantee obligations. What do you need to do? Our advice is to become STP ready now s
