Bookkeeping

Xero Users: Xero is arriving at stage three – the final stage of Xero’s transition to Single Touch Payroll (STP) Phase 2. Read what action you need to take.

Tips to address some mistakes we're typically seeing from employers reporting on STP Phase 2.

In response to growing cybersecurity threats, the ATO updated its regulations around multi-factor authentication (MFA) for software providers such as Xero.

Whether you're paying super weekly, monthly or quarterly, it's important to check the super guarantee (SG) that you pay takes into account the new SG changes that started on 1 July 2022.

From July the SG eligibility threshold changed. Find out how to ensure your payroll systems correctly calculate new SG entitlements.

STP Phase 2 requires additional information to be reported to the ATO, enabling other government agencies to leverage the STP infrastructure to receive information and support the administration of the social security system.

The next stage of the Single Touch Payroll (STP) journey is underway. STP Phase 2 will see businesses build on their existing payroll reporting to share more information each pay run.

The latest Single Touch Payroll changes mandate that employers are required to report additional payroll information now, or once your payroll product is ready.

Though there are exemptions and deductions that can be granted when providing COVID-19 tests to employees, don't forget any FBT obligations.