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

The biggest fact you need to know is that Single Touch Payroll was rolled out by the Australian Tax Office (ATO) from July 1, 2019 for businesses with 1 to 19 employees, and prior to that for employers with 20 or more employees. If this is you, please read on: What is Single Touch Payroll? Single Touch Payroll is being rolled out across Australia by the ATO to help provide real-time assistance with making organisation’s payroll processes timelier and more accurate. And it is