New laws for Tax Automation (Single Touch Payroll) here now! Are you ready?
Single Touch Payroll (STP) is a new and innovative way to report tax and super information to the Australian Taxation Office each pay cycle. Using your accounting and payroll software this automated STP option is efficient in keeping all information correct and up to date.
It is important to understand that Single Touch Payroll is expected to begin July 1st 2019 as a requirement of the Australian Taxation Office and if an extension is required we can assist you in applying for this and getting you ready for the new changes.
Bookkeeping Concepts understand these changes can be quite daunting and offer training options if required for you and your payroll employees. We also offer to be your registered third party payroll and STP agents to make this process easier for you and your business to ensure a stress free new financial year.