Employers: Have questions about Single Touch Payroll (STP)? Watch our short video to find out how it works and what it means for your employees. For help to get ready, including a handy factsheet and checklist, visit ato.gov.au/Business/Single-Touch-Payroll/News,-events-and-resources/ | Australian Taxation Office

Rolled out by the Australian government a few years ago, Single Touch Payroll is a reporting method of sending employee payroll information to the ATO. And now, with the introduction of Single Touch Payroll Phase 2, businesses with employees must provide additional information each pay run. Entrepreneur, Tom, grills his bookkeeper, Yasmin, on the specifics of STP 2 reporting changes and the benefits … “Breaking down paid leave, allowances, overtime, bonuses and commissions, you must now report o