Understanding Single Touch PayRoll with your Small Business Accountant
It’s likely you’ve heard of Single Touch Payroll (STP) and how it can benefit small business owners. To explain it in more detail, STP has been introduced by the ATO to simplify and streamline the administrations processes associated with paying your employees.
If you have fewer than 20 employees, this may be a voluntary system. If you have more, this is a compulsory system. If you have any queries regarding this system and its benefits your small business Accountant in Sydney can assist you.
Your Small Business Accounting service may also help you understand what classifies as an “employee” and how to navigate using this service in the best way for your business. If you would like to understand more about STP contact your Small Business Accountant today.