Single Touch Payroll – A New Way to Report
written by:
Josh McMullen
In the biggest change to employer payroll reporting since the introduction of Activity Statements, all employers will very soon be required to comply with the new Single Touch Payroll (STP) regime. STP is a new Government initiative aimed at streamlining employer payroll reporting obligations. The STP regime revolutionises the way employers report payroll information to the ATO. In essence, STP is a new reporting mechanism whereby each time an employer…
