From the 1 July 2019 Single Touch Payroll (STP) starts for employers with 19 or less employees. It is a new way for employers to report tax and super information to the ATO.
You’ll report the following information through an STP ready solution – such as payroll software:
- payments to employees such as salaries and wages
- pay as you go (PAYG) withholding
- super information.
The way you pay your employees won’t change, however you will be sending the ATO the information each time you pay them.
You can start reporting any time from 1 July to 30 September 2019.
Please call us if you require any assistance in complying with the new STP system.