What is Single Touch Payroll (STP)?
STP is a reporting system to send PAYG withholding tax and Superannuation details to ATO from the STP-enabled software to ATO each time when you pay you employees.
Do I need to submit STP date if my business only has less than 20 employees?
All businesses are now required to submit STP data to the ATO effective 1 July 2019. Businesses with 5 to 19 employees have been granted a 3 month grace period before penalties may apply.
Can I submit STP data quarterly?
Micro Businesses (4 or fewer employees) have been granted the option to submit STP data quarterly via their Bas or Tax Agent for two years.
Can I apply for the exception?
Closely held businesses have been granted a 1 year exception.
We have found the most cost-effective STP solutions for all our business clients. Our accountants are well trained to help you save time, meet compliance obligations.
If you have any questions or concerns please feel free to contact us.