Industry News
Legislative changes impacting businesses
The new financial year has seen several legislative changes which will impact businesses nationwide.
One such change is regarding single touch payroll (STP), allowing businesses to pay employees, and report staff salary, wages and PAYG withholding amounts to the ATO simultaneously.
Since 1 July 2017, businesses have been able to commence STP reporting, however for businesses with 20 or more employees, STP will be mandatory from 1 July 2018.
Check to ensure your business reporting methods are compliant with STP.
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