STP Phase 2 is here. Single Touch Payroll is designed to make more payroll info available on myGov for employees and Phase 2 breaks down the types of payments employees are receiving. Read on to make sure you’re across it.
Single Touch Payroll (STP)
STP is designed to make more info available on myGov for employees so they can check their payroll data throughout the year and automatically for their tax all while allowing the ATO to keep a closer eye on employers to ensure PAYGW and Super are being reported and paid on time for employees. Here's a user-friendly video that explains.