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Most business owners with over 20 employees will now be aware of the implementation of STP (single touch payroll) as of the 1st of July this year.
For the rest of the business owners out there, do you know that regardless of the number of employees you have, you will need to start reporting STP as of the 1st of July, 2019.
This means that all salaries & wages, PAYG withholding and superannuation will need to be reported to the ATO from your accounting software program each time you process a payroll period run.
For more information, please contact Perth Bookkeeping Services.