SINGLE TOUCH PAYROLL – ATO UPDATES

On 13th Feb 2019, Commissioner Chris Jordan released a statement in regards to Single Touch Payroll (STP) that will be a significant change to employers, especially small businesses. Legislation has been passed to extend STP to include all employers from 1/7/2019. STP will require you to have your payroll transaction data transferred to the ATO each time your employees are paid. This …