Single Touch Payroll or STP is a new regulation that will change how information such as wages, super contributions, PAYG withheld etc is reported to the ATO.
Before STP was introduced businesses previously reported such information to the ATO once a year. The reports then would be submitted to the ATO digitally in a specific format. How STP will impact when you report payroll
Previously small businesses would finalise their payroll records at the end of the financial yea