Single Touch Payroll (STP): Revolutionising Payroll Management
In the not-so-distant past, Australian business owners like you faced the laborious task of manually reporting payroll information to the Australian Taxation Office (ATO). The annual reporting burden was time-consuming and often took up valuable resources, hindering efficiency and productivity. Recognising these challenges, the ATO introduced Single Touch Payroll (STP), a system devised to simplify […]
What is Single Touch Payroll (STP)?
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 […]
