Single Touch Payroll
The measure to extend the Single Touch Payroll (STP) regime to small employers (with 19 or less employees) has yet to be passed by Parliament, leaving small business owners with less time to prepare, should it go through. With a start date of 1 July 2019, smaller employers should have an eye to ensuring their business is positioned to adopt an STP solution by this date. For most employers this will involve using STP-compliant software. The main players in the small-to-medium business space (Xero, MYOB, Reckon, Intuit), are all currently STP-enabled. You should consult your bookkeeper or accountant on how you can position your business to be STP-compliant by the anticipated 1 July 2019 start date
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