Ready or not, Single Touch Payroll kicks off on July 1st! Here’s what you need to know. | Reckon
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Rolled out by the Australian government a few years ago, Single Touch Payroll is a reporting method of sending employee payroll information to the ATO. And now, with the introduction of Single Touch Payroll Phase 2, businesses with employees must provide additional information each pay run. Entrepreneur, Tom, grills his bookkeeper, Yasmin, on the specifics of STP 2 reporting changes and the benefits … “Breaking down paid leave, allowances, overtime, bonuses and commissions, you must now report o
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