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What Your Business Needs To Know About Single Touch Payroll

What Is Single Touch Payroll (STP) Single Touch Payroll (STP) is a recent initiative of the Australian Government that changed the way of reporting payroll activities of the businesses to the Australian Taxation Office. Under this system, businesses must submit their employee payroll information report, including salary, wages, PAYG withholding and superannuation, digitally, using a specific format known as SBR (Standard Business Reporting) to the ATO after each pay day.

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