Single Touch Payroll
Single Touch Payroll (STP) is currently compulsory (unless there is an exemption) for organisations with 20 or more employees and becomes compulsory for all organisations from 1 July 2019. Most accounting software have this feature available – it just requires the user to set it up. STP enables your payroll information go direct to the employee’s MyGov account every pay period which means Payment Summaries (Group Certificates) will no longer be required. If you need assistance in setting up STP for your business contact us.