Are you procrastinating over Single Touch Payroll? 28th Feb deadline is looming.
Single Touch Payroll is now in force for businesses of all sizes, with small employers needing to begin STP reporting since 30 September, 2019. 600,000 employers are now using STP reporting for over 17 million employees. Despite the passing of the 30 September deadline, there will be no penalties for mistakes, missed or late reports for the 2019–20 financial year for small businesses, as the ATO adopts a facilitative approach in implementing the new law change, with penalties