Tag Archives: single touch payroll

STP phase 2 coming soon

Single Touch Payroll (STP) was originally introduced in 2016 as a way for employers to report their employee’s tax and super information to the ATO in real time. Most employers, regardless of the number of employees were required to start reporting from 1 July 2021, this includes small employers with closely held/related payees. However, employers...
Read More

Remission of additional super guarantee charge penalty

With the transition to Single Touch Payroll almost complete for all employers within Australia, the ATO now has considerably more information to identify superannuation guarantee non-compliance in real time. Employers that do not make sufficient quarterly superannuation contributions for each employee by the due date will be liable to the superannuation guarantee charge (SGC), a penalty...
Read More