Single Touch Payroll (STP) changes the way employers report their employees' tax and super information to us.
Employers with 20 or more employees
STP reporting started gradually on 1 July 2018 for substantial employers (those with 20 or more employees). If you have not started reporting through STP, the ATO has information to help you get ready. If you need more time, you can apply to the ATO for a deferral.
Employers with 19 or less employees
Parliament has passed legislation to extend STP reporting to all employers from 1 July 2019.
Talk to your software provider to find out what you need to do to update your software and start reporting.
Click here for the ATO's STP landing page.
See also:
Source: Australian Taxation Office (ATO)
The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
