Expanding Single Touch Payroll Phase 2

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In the 2019–20 Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional information.

The expansion of STP, also known as STP Phase 2, will reduce reporting burden for employers who need to report information about their employees to multiple government agencies. It will also help Services Australia’s customers, who may be your employees, get the right payment at the right time.

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Single Touch Payroll

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Are you a small business with one 4 or less employees?

If you use a BAS agent for Single Touch Payroll, you can receive the Quarterly exemption on lodging your single touch and report the same time as your BAS is due.

Need more information, give us a call

https://www.ato.gov.au/Business/Bus/Single-Touch-Payroll—Quarterly-Reporting-for-Micro-Employers-factsheet/