Single Touch Payroll – Where is it at?
2019: The Year of Single Touch Payroll went mainstream
You will no doubt be aware of the Australian Government’s introduction of Single Touch Payroll for all businesses this year. Single Touch Payroll, or STP, is the new Government initiative where business is required to upload their payroll data, to the Australian Taxation Office, after each pay event.
How does this affect you, and just in case you applied for an exemption, this will soon be coming to an end, hence are you prepared?
Data is required to be transmitted to the ATO via the business’ payroll or accounting package.
If you are not yet compliant with STP, there are a range of software options available, from Reckon, MYOB, Xero, QuickBooks and more.
Whilst in the earlier days of STP, there were some hiccups whilst the new programs and even the ATO struggled with the sheer amount of data being transmitted.
We are pleased to say now, that in the majority of cases, setup and initial onboarding are a fairly straight-forward process.
Exemptions coming to an end 30/09/19
If you had applied for an exemption to the end of September 2019, this is quickly coming to an end. We have the capacity to assist you with your software upgrades, or STP initialisation, either on-site or remotely.
Please contact us on 0403-571-234 or email email@example.com to book your upgrade.