Single Touch Payroll – STP
Single Touch Payroll (STP) is a new, simpler way to report your employees’ payroll information to the Australian Taxation Office (ATO) and keep your business compliant.
Single Touch Payroll will be required for all employers by 1st July 2019 – but don’t worry, MYOB and GMH Consulting makes it easy as possibly by automatically reporting to the ATO in your currently payroll software.
With STP, employers no longer need to complete payments summaries and group certificates at the end of the financial year. That’s now taken care of every time you pay your employees as their tax and super information is sent to the ATO and available to them through myGov.
