Single Touch Payroll (STP) laws kick in today!
Updated: Jun 18
Today's the day.
It's the 1st of July which means that it's the start of the new financial year.
More importantly, it's the start of Single Touch Payroll (STP) reporting.
As of today, all micro and small businesses in Australia must be STP compliant.
If you're new to the game that means that you must be using an STP compliant software to run payroll or you will be penalised by the Australian Taxation Office (ATO).
Don't stress too much if you're not ready because you still have a bit of time before the ATO starts penalising anyone.
If you haven't signed up to an STP solution yet, you can set up your free Payroller account and be STP ready in minutes.
If you're already using Payroller, make sure that you've registered our product with the ATO.