With a new mandatory start date, SMEs have more time to prepare for STP, plus closely held payees will now be included.
Single Touch Payroll, or STP, is an important element of receiving JobKeeper stimulus payments. Here’s what you need to know.
For those offering payroll services, rolling out a seamless transition to single touch payroll (STP) means discussing these important points with staff early on.
Single Touch Payroll (STP) is here, but that doesn’t mean everyone in business has a firm understanding of the concept, or its ramifications for their business. In this piece, Amanda Gascoigne covers the key things every advisor should discuss with their clients regarding STP.
Since Single Touch Payroll reporting became mandatory, it’s been unclear exactly how much wiggle room is available for very small businesses, seasonal operators and closely held payees – until now.
Amanda Gascoigne explains how to play your Single Touch Payroll cards right when it comes to SME clients with outstanding superannuation guarantee (SG) contributions.
If you run a small business and manage payroll obligations with spreadsheets and paper slips, you’re far from alone. But with affordable, advanced alternatives and new payroll laws on the way, the old way of doing things is fast becoming unsustainable.
The Single-Touch Payroll (STP) rollout has begun, but not all businesses are ready. If you’re a payroll officer, here are the four steps to prepare.