Single Touch Payroll (STP) now required for SMB’s ~ Team Blue Sky
June 11, 2020
Single touch payroll will be mandatory for all companies from 01/07/2019.
STP changes the way that employers report tax and superannuation information to the ATO. For those of us who have over 20 employees we have been compliant for 12 months and have gained the experience of what can and cannot be done.
In effect once you run your payroll the information is instantly available to the ATO so there is any increasing pressure on payroll officers to get it right first time. The ATO will have detailed information on every employee, what they are paid, super obligations, PAYG withholding as well as details of all allowances / deductions per employee.
If your payroll officer has not attended payroll training within the last 12 months, then your organisation is exposed.
Avoid trial and error and engage a professional service that will ensure compliance and peace of mind.
Henry Sack
General Manager
With over 12 years of experience as a NetSuite implementation consultant, Henry Sack leads TeamBlueSky’s team of NetSuite and accounting experts in his role of General Manager.
TeamBlueSky is a leading Australian
NetSuite Alliance Partner whose mission is to provide critical
NetSuite BPO and
Payroll services to NetSuite clients who are wanting to simplify their
back office processes and partner with a leading
NetSuite administration expert.
TeamBlueSky have also partnered with global Suite Developer Network partners to offer local solutioning, implementation and support services for global NetSuite SuiteApps.
More From Our Blog
Empowering Members and Enhancing Organisational Intelligence by Making Data Accessible for Improved Team Collaboration and Business Empowerment
Unlock business growth by leveraging strategic outsourcing to enhance operational efficiency and achieve cost reduction with a global workforce.
Enhance team productivity by mastering workflow management and improving project efficiency with effective collaboration tools and task prioritisation.
CFO 2.0 explores how automation is transforming the role of finance leaders, highlighting the future of CFOs and the impact of technology in finance.
Discover how IT-business alignment and technology-first strategies are set to shape the future of business technology and drive digital transformation.
Discover how continuous software improvement fuels business growth and innovation with agile methodology and technology advancement strategies.
Partnering with TeamBlueSky provides your business with award-winning expertise and industry recognition through strategic alliances and professional collaboration
Explore the differences between ERP and Accounting Software. Understand which system suits your Aussie business for an optimised workflow.
Discover the value of ERP consultants in your ERP implementation by understanding the differences in their roles for successful project management.
Preparing for Your NetSuite Implementation from Day One - A Step-by-Step Project Timeline for a Successful ERP Software Selection Process