Many small businesses still to switch to new digital payroll reporting system
Last week, Australian small businesses with 19 employees or less, were required by law to report using the new digital Single Touch Payroll (STP) reporting system - but about a third are yet to start reporting or notify the ATO that they need more time to start. STP requires employers to electronically send payroll information including wages, salary payments and superannuation to the Australian Taxation Office (ATO), at the same time as their usual pay run. Many businesses c