A change in the payroll reporting standards for the Australian Taxation Office (ATO) means that employers need to switch to a single-touch payroll (STP) enabled system that automatically sends payroll information to the ATO. This switch needs to be made by 1 July 2018 for substantial (20 or more employees at 1 April 2018) and by 1 July 2019 for smaller employers.
This change is designed to streamline the management and improve the accuracy of payroll information sent to the ATO – but more importantly, it will simplify business reporting for employers.
Getting your business ready for the STP switch and checking whether your payroll system is STP compliant is easy. Register below for instant FREE access to an info pack explaining what the switch means for you and your business.
The Bentleys crew are like extra team members in our small business. Complex problems are explained in terms that we can understand, and nothing is too much trouble.