ATO encourages smaller employers to start STP reporting
The Australian Taxation Office (ATO) will write to smaller employers in November encouraging them to start Single Touch Payroll (STP) reporting.
The letters will tell them about STP, and remind them they don’t need to wait for legislation to pass to start reporting through STP. If their payroll software offers STP they can update and start reporting now.
The letters will be sent to employers with 19 or less staff who already use payroll software.
John Shepherd, STP program lead at the ATO, said around 15,000 employers with 19 or fewer employees have voluntarily started STP reporting.
STP has been mandatory for businesses with 20 or more staff since 1 July 2018. Legislation is before parliament to extend the system to smaller employers with 19 or less staff. The reforms, which are expected to pass, and will impact about 780,000 smaller employers.
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Download the STP Checklist
Single Touch Payroll involves more than getting your payroll software updated. You can prepare your business by following this checklist.