Single Touch Payroll Phase 2: What to expect
Ascender
OCTOBER 5, 2019
Single Touch Payroll (STP) left the Australian payroll world abuzz in the past year, with how it changed the way business reported their payroll information to the Australian Taxation Office (ATO). By 1 July 2019, all businesses across Australia should be compliant to STP regardless of their total headcount, requiring huge efforts from employers and payroll solutions providers to work together to prepare their payroll data and ensure their payroll systems are STP-enabled for smooth compliance.
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