Single Touch Payroll Phase 2 - are you ready?

Most employers would be familiar with Single Touch Payroll. Phase 2 of STP reporting was introduced on 1 January 2022, however most software providers secured deferrals.  

MYOB and Quickbooks users, IT'S TIME to make the move to STP Phase 2! You are required to ensure you are STP Phase 2 reporting by 31st December 2022. Whilst XERO users have until 31st March 2023 and Reckon users have until 30th June 2023. 

If you haven’t already started the additional reporting required for STP Phase 2, it's time to make the transition. As always, if you have any questions about any of the above, or require assistance to make the transition, please don't hesitate to contact our office to discuss.

Regards,
Milanese & Co Accountants