ATO is Chasing Employee Super Payments with Single Touch Payroll
The Australian Taxation Office (ATO) is beginning to crack down on employers avoiding super payments. Ever since the single touch payroll (STP) became mandatory for small employers on July 1, 2019, the ATO has been receiving millions of data points tracking superannuation payments. The ATO is now able to analyze the data that began flooding […]
ATO Warning: Single Touch Payroll
Employers will face penalties for missed or late reports as outlined by ATO. New penalties would be applied for the first 12 months of STP (single touch payroll). This took effect for larger companies on July 1st, 2018. It’s just now been rolled out to smaller companies that have 19 employees or less taking effect […]
