Single Touch Payroll (STP) requires employers to streamline their payroll reporting. Using payroll software, employers must report employee tax and super info to the ATO with every ‘payroll event’ – instead of every month or quarter. This means, every time you do a pay run, you must send the ATO your STP data. That’s where your payroll software comes in.
To become compliant with Single Touch Payroll you’ll need to use a cloud solution that connects directly with the Australian Tax Office so you can report your payroll seamlessly. We have an action plan ready for your business that includes a recommendation for a Single Touch Payroll compliant cloud solution. We’re ready for Single Touch Payroll and to help your business prepare for it too. If you’d like to find out more, please call Glenda at A Counting House 07 5526 1855.