Single Touch Payroll (STP) is a government initiative that requires employers to report staff salary, wages and tax withheld to the ATO at the same time they pay their employees. At the end of the year employers won’t need to complete payment summaries for their employees as payroll information is reported to the ATO in real time throughout the year.
STP will ensure all payroll information is available to employees via the MyGov website. When using MyGov, employees will be able to:
At Evolution Cloud Accounting, we are fully committed to support your business by making sure you are Single Touch Payroll compliant. We can help you design the best solution that suits your needs, we can:
We are located in Bondi (Sydney) and thanks to cloud technology we can service clients across Australia.
Click here to view our Bookkeeping or Set Up and Go packages.