Single Touch Payroll And How It Affects Your Business
On 1 July 2018, Single Touch Payroll (STP) came into effect, aligning your reporting obligations to your payroll processes. In short, it is streamlining the reporting of salaries and wages, super contributions, PAYG withholding and other deductions made at the time of processing employee payrolls. What is Single Touch Payroll? Single Touch Payroll…