In the last edition of Insight, we featured an article about the ATO’s new Single Touch Payroll (STP).
To recap, STP will change the way employers report payments such as salaries and wages, PAYG Withholding and super information to the ATO. This change will commence on 1st July 2018 for firms with 20 or more employees.
To find out if your firm fits this category, and is known by the ATO as a ‘substantial employer’, you’ll need to count the number of employees who are on your payroll on 1st April 2018. To find out who to include in this headcount, and how to conduct it, click here.