- Single Touch Payroll (STP) is mandatory for all employers from 1 July 2019.
- Must have ATO compliant software that enables each pay to be ‘logged’ with the ATO each pay run.
- TFN declarations will no longer need to be sent to the ATO after 1 July 2018. Employee information is created and lodged with first pay.
- Employees will no longer need to be issued annual payment summaries after 2018/2019 as they will have access to their pay information through MyGov.
ARC Accounting can review your payroll software to ensure you are prepared for the 1 July 2019 deadline. We specialise in MYOB software but can offer assistance with Cashflow Manager, Agrimaster, Reckon, Quickbooks and Xero.