single touch payroll Archives

Be prepared for Single Touch Payroll with Cashflow Manager

Single Touch Payroll (STP) is almost here and Cashflow Manager is working with the ATO to make sure that you are ready to go when it becomes mandatory for businesses with 20 or more employees on 1 July 2018. Cashflow Manager Gold and Wages Manager will be compliant at this date and will deliver an easy-to-use solution to make this change as simple as possible for you. What is Single Touch Payoll? Single Touch Payroll is a new simpler way to report [...]

What does Single Touch Payroll mean for your Small Business?

Single touch payroll (STP) is a system that the federal government wish to implement which will help to streamline business tax and superannuation reporting for small businesses. STP was originally planned to come into action on 1 July 2016, but has now been delayed until June 2017. Pay As You Go Currently, employers manually report Pay As You Go (PAYG) withholdings to the Australian Tax Office (ATO), but under the new STP system, this information will be automatically reported to the ATO [...]