The first thing employers have to do is to establish on 1 April 2018 the number of employees they have. If you have more than 20 employees, you have to enter the STP from 1 July 2018. If you have less than 20 employees the entry date is 1 July 2019 (subject to legislation being passed).
You will be required to electronically report your payroll information to the ATO every pay cycle using STP enabled payroll software.
The information to be reported to the ATO includes
If you need help with selecting the right STP payroll solution or require assistance with setting up your STP system or have any question – give us a call.