Get ready for Single Touch Payroll 2 Reporting
Single Touch Payroll Phase 2 will streamline reporting information about employees to government agencies.
This expansion of Single Touch Payroll (also known as STP Phase 2) reduces the reporting burden for employers who need to report information about their employees to multiple government agencies. It also helps Services Australia’s customers – who may be your employees – get the right payment at the right time.
See the detailed ATO explanation of the changes for more information.
As an employer, you’ll need to report more information about your employees each pay day. This can be through your payroll software. Here are some hand links to check out if you’re using:
If you’re not prepared for STP Phase 2, please don’t hesitate to get in contact with us at STS Accounting to help you navigate the changes.
