Auctus Advisory


Posts tagged Software
Single Touch Payroll: Are You Ready?

If you run a business, you've probably heard a lot about Single Touch Payroll (STP) recently, so what is it and how does it affect you? Basically, STP aligns your reporting obligations to the ATO to your payroll processes. Each pay cycle you send information to the ATO including employees' salaries and wages, allowances, deductions, other payments (ie termination of employment, unused leave or parental leave pay), PAYG withholding and superannuation.

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