Sole Trader vs Company – A Side-By-Side Comparison

pty ltd vs sole trader which to choose

Navigating through the decision-making process of “sole trader vs company” for your business structure can be confusing because both have pros and cons, and a business has its own individual needs to prioritise. Most people initially choose to start as sole traders. However, as they start to earn more and have to pay more taxes, […]

What is Single Touch Payroll (STP)?

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Single touch payroll (STP) is a government initiative requiring employers to electronically report payroll information such as tax and superannuation to the Australian Taxation Office (ATO) each payroll cycle.  In Australia, all employers are obligated to report their payroll information to the ATO. Therefore, the development of this STP payroll software was implemented to minimise […]