From 1 July 2019 Single Touch Payroll (STP) will be the new way of reporting tax and super information to the ATO.
It’s very important to ensure you are ready for these changes as it will affect all businesses owners and operators from 1 July 2019.
STP works by sending tax and super information from your payroll or accounting software to the ATO as you run your payroll.
Use the ATO’s free checklist on their website to ensure you are ready for STP.
For more information go to https://www.ato.gov.au/Business/Single-Touch-Payroll/About-Single-Touch-Payroll/
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