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Your source for weekly stories and advice on local business, the economy in general and what’s happening in Sydney this weekend.
Phase 2 of Single Touch Payroll is Coming – Are You Ready?
As a business owner, you should already be aware of the Australian Government’s transition to Single Touch Payroll (STP). In the 2019-20 budget, the government also announced that STP would be expanded with additional information.
As required under the announcement, Phase 2 reporting is mandatory from 1 January 2022 onwards. The ATO will offer a flexible approach to the phase 2 rollout to ensure a smooth transition, depending on individual business circumstances.
