Single Touch Payroll (STP) is a new way of reporting tax and superannuation information to ATO.
Switch Payroll is fully compliant with STP and reports your salaries and wages, pay as you go (PAYG) withholding and super information to ATO each time we process a pay-run (ie every business day).
PAYG Summaries are no longer distributed. Rather, employees can locate their Financial Year Payment information via MyGov.
ATO provides some handy information on their website:
As always, if you have any questions regarding STP, PAYG Summaries, or anything else, please don’t hesitate to get in touch. Cheers!
1300 034 107