STP Options for Closely Held Payees
The ATO has confirmed that as of 1 July 2021, Single Touch Payroll (STP) reporting for closely held payees will commence, after having granted these employers a one-year exemption.
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STP Phase 2 due to commence in July 2021
The ATO has recently confirmed that STP Phase 2 is due to commence in July 2021, which will see employers required to report additional payroll information each pay day.
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STP Data Expansion
The Government has announced that over the coming four years (commencing 1 July 2019), the Budget will provide $82.4 million to support the expansion of data collected through Single Touch Payroll (STP) by the ATO and enhance data matching capabilities for Commonwealth agencies.
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Single Touch Payroll -Changes to Payment Summaries
Single Touch Payroll (STP) has resulted in changes to end of financial year processes for employers and employees.
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Single Touch Payroll. Get Started Today.
Need to know how to opt into single touch payroll in Xero and start reporting. See our work instructions.
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Single Touch Payroll to Cover All Businesses
The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 has now passed both Houses. This was an important moment in the evolution of Single Touch Payroll (STP) as the amendment law included legislation that requires employers with 19…
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Single Touch Payroll Extended to Small Businesses in 2019
The Senate has passed the Bill to extend Single Touch Payroll (STP) to employers with 19 or less employees, commencing 1 July 2019. This follows months of uncertainty for the small businesses, after STP was officially rolled out for…
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Mark Semmens
Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.
Mark's blogs
Daniela Semmens
Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.
Daniela's blogsContact Us Today
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