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 (STP) 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 (STP) 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 or contact us here.