Single touch payroll (STP) is a new reporting regulation that changes when and how small businesses report payroll activity to the Australian Tax Office.
Businesses used to report this information to the ATO once a year. Now, they need to send a report after each payday. And those reports must be submitted digitally, using a very specific format.
Devlin & Co can assist you in switching to single touch payroll using your cloud software, minimising the time and effort of the new reporting requirements.