Single Touch Payroll
Single Touch Payroll (STP) is a payroll reporting system introduced by the Australian government to streamline employee tax and superannuation information reporting.
Under STP, employers must report their employees' salary and wages, PAYG withholding tax, and superannuation contributions directly to the Australian Taxation Office (ATO) each time they run their payroll.
The key points about Single Touch Payroll:
Success Tax Professionals practices deliver secure, accurate and compliant payroll to businesses of all sizes. They can manage your staff pays, organise timesheets, and ensure compliance with SuperStream and Single Touch Payroll (STP). Consulting and using a Success Tax Professionals practice offers a complete payroll solution for businesses of all sizes for a fixed monthly fee.