Changes in legislation often bring with them a unique mix of business, compliance, and technology considerations. Single touch payroll (STP), a new payroll reporting mandate rolling out soon from the Australian Tax Office (ATO), is no exception. To ensure that your payroll function – and your overall business – keeps happily ticking along, now’s the time to start thinking about your STP compliance and other legal obligations, how to reap the rewards of this new way of doing business, and the technology you’ll want in place to best cater to your needs. Continue reading “STP compliance on your radar? Here are 5 things to know”
So, just what is Single Touch Payroll (STP)? You’ve heard the term floating around; you know it means another change is fast approaching. But there’s no need to cue the Jaws music. Rather than causing concern for payroll officers, CFOs, and managing directors, STP is poised to make your day-to-day job go that much more swimmingly.