The expansion of STP also referred to as STP Phase 2 (Single Touch Payroll) will be mandatory January 1st 2022. So what does this mean for employers? In short, there’s not a lot that needs to be done right now. The ATO are working with software providers who will update their STP-enabled software to comply […]
Monthly Archives: May 2021
From July 1st 2021 superannuation guarantee increases to 10%. This will be followed by incremental half percentage point increases each year to 12 per cent on 1 July 2025. Employers need to be aware and start planning immediately. This change will impact their employee remuneration arrangements from 1 July 2021 and there will need to […]
Year end is looming. Be prepared as you can to avoid the year end blues.