Login
iscover
The ATO has updated its list of companies intending to provide simple, low-cost single touch payroll solutions for micro-businesses.
Newsletter
Tax Office updates low-cost STP providers list
24 January 2019
•
9 minute read
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
The Tax Office first published its initial list of suppliers late last year, with prominent software providers and a big four firm featuring.
The solutions are required to be affordable, that is, cost less than $10 per month, take only minutes to complete each pay period and do not require the employer to maintain the software.
According to the ATO, these solutions may include mobile apps, simple reporting solutions and portals.
The latest suppliers’ list update coincides with the start of the ATO’s push to start contacting small employers who have 19 or less employees to get them to start reporting before legislation passes.
You can view the full list of companies looking to offer the low-cost STP products on the ATO’s website.
Last year, the ATO confirmed micro-businesses would have more flexibility than larger businesses in applying the STP framework. You can read more about the parameters for micro-businesses here.
==
==
You are not authorised to post comments.
Comments will undergo moderation before they get published.