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single touch payroll

What does Single Touch Payroll mean with your EOFY reporting?

What does Single Touch Payroll mean with your EOFY reporting?

Single Touch Payroll (STP) is a new regulation introduced by the ATO. All large businesses (more than 20 employees) should now be using STP, or have applied for a later start date. For employers with less than 20 employees, STP reporting will begin on 1 July 2019.