ATO- Tax & Super News: Get ready for STP2 reporting
Get ready for STP2 reporting
Single Touch Payroll (STP) has been expanded, we have now introduced STP Phase 2.
As an employer, you’ll need to report more information about your employees each pay day. You can do this through your payroll software. We’ve worked closely with Digital Service Providers (DSPs) and most payroll software is now ready for STP Phase 2 reporting. Contact your DSP to check that your payroll software is ready. If you’re not prepared for STP Phase 2, your registered tax or BAS agent can help.
To learn more about the changes to STP, we’ve developed some simple, detailed guidelines to help businesses just like yours get it right. We also have some resources designed to help you with your STP reporting obligations. Visit the ATO website for more information
Need a hand with your employees’ tax and super?
No matter where you may be in your hiring journey, we’re here to support you in meeting your obligations as an employer. We have resources to help you with:
- withholding your employees’ tax
- paying super guarantee contributions
- single touch payroll
- managing employees' fringe benefits
- correctly classifying your workers.
For more information and to check out our top tips for employers, visit Engaging a worker. Remember, tax professionals and BAS agents can help you with your employer obligations.
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