Single Touch Payroll Phase 2 - On Line Services to the rescue!

Single Touch Payroll (STP) has been well and truly in place across businesses that process payroll for the last few years however, the ATO have now expanded it to STP Phase 2.

The key changes to STP include:

• Disaggregation of gross (breakdown of gross in depth)

• Employment and taxation conditions (employment basis, TFN declaration & details of when and why employees leave)

• Income types (payments to employees with specific tax consequences, easier for completion of income tax return for employees & will help the ATO identify where you the employer are using a concessional reporting arrangement)

• Country codes (payments to Australian residents working overseas)

• Child support garnishees & child support deductions (reporting this through STP will reduce the need to give separate remittance advices to the Child Support Registrar)

• Reporting previous Business Management Software IDs and Payroll IDs (this will only occur if you've changed your business structure)

As a small business owner, the constant changes to payroll legislation can be difficult to follow especially when you are also running a business, it can be a recipe for disaster. That's where we come in. As payroll specialists, we keep up to date with current legislation. With STP Phase 2 already up and running, it's about to get more difficult to keep up.

We offer a payroll software that not only reports correctly to STP Phase 2 but can assist you with rostering costs & emails copies of rosters directly to employees. Add this to our knowledge in payroll and minus off the burden of you having to process your own payroll and you have yourself a winning combination!

Contact us today to see how we can help with your ever-changing payroll needs!