With Single Touch Payroll (STP) Phase 2 having been in place for more than a year for some employers, the ATO has now identified common mistakes for employers that are currently entering into the system after expiration of deferrals to avoid. These common mistakes relate to pay codes, continuity of year-to-date (YTD) reporting, employee details, and employment basis. In addition to employers reporting more detailed information under Phase 2, the ATO will also be receiving information from super funds.
Click to read our article: STP Phase 2: avoid common mistakes (0.40 MB PDF)