WebSTP Phase 2 comes into effect on 1 Jan 2024, requiring additional information to be reported to the ATO. The new requirements will enable other government agencies to leverage the STP infrastructure to support the administration of the social security system. STP Phase 2 will involve the capture of the following new fields: employment basis WebStep one. The first part of this process is transitioning your existing employee profiles to be STP Phase 2 compliant. This means providing new details, like whether they’re an …
A few things you need to know about STP Phase 2 ATO Community
Web6 Nov 2024 · STP Phase 2 will bring about some changes to the way payroll and STP is managed in Easy Payslip; Easy Payslip has secured a deferral from the ATO that covers all … WebFrom 1 July 2024, STP became a mandatory obligation for all businesses that withheld PAYG contributions for employees or contractors. Phase 2 is a continuation of STP and … loofa falls apart
About Single Touch Payroll reporting - MYOB
WebAs STP is year-to-date (YTD) reporting, generally on transitioning to STP Phase 2 employers should commence reporting the full year YTD figures for each disaggregated component. … WebThe ATO has announced that Phase Two of its Single Touch Payroll (STP) expansion will now start on 1 January 2024. As an extension from the previous date of 1 July 2024, this gives businesses more time to get ready for a new era of STP. The ATO has also announced that closely held payees (those directly related to the business, such as family ... WebThe Australian Taxation Office (ATO) announced earlier this year that small businesses will need to be Single Touch Payroll (STP) compliant, including micro employers (0 to 4 employees) who were previously able to report quarterly, but will not be able to make use of automatic concession as of 1 July 2024. loofah and razor holder shower