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Single Touch Payroll
Single Touch Payroll (STP) is a new legislation that changes both when and how businesses report payroll activity to the Australian Tax Office (ATO).
i3Group has successfully migrated all its clients to ensure STP compliance with minimal hassle and disruption. We know how difficult it is to keep up with legislation whilst running your business, which is why we ensure our processes are well refined and 100% ATO compliant at all times. Enquire with i3Group today to ensure ultimate compliance and hassle-free payroll!
Whilst the ATO is preparing measures to ensure a smooth transition for all businesses, many of the assistive guides are lacking in specific details. To prepare for the switch, you’ll need to make sure you can submit compliant reports every payday and digitally lodge with multi-factor payroll authentication. If you’re using desktop payroll software, you’ll need to find a service that can upload your payroll reports, convert them into the ATO’s required format, and submit them on your behalf.
If you are unsure whether your business is STP compliant, we recommend that you speak to our specialist payroll consultants first to avoid being caught on the wrong side of the law. By contacting i3Group, we will be able to advise upon what measures are required to become compliant and any implications of switching such processes.
Alternatively, if you believe that STP compliance is another operational responsibility that could potentially burden your already busy team, why not enquire about our full suite of payroll outsourcing services where we can take care of both present and future compliance on your behalf.
You run your business and we’ll handle your payroll.
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