Phase 2 of Single Touch Payroll (STP begins from 1 January 2022. The ATO have produced a series of webinars to explain these changes in detail:
Webinar 1 covers
- the changes to STP reporting and what they might mean for you
- software provider readiness
- ATO approach to transition
- steps to take to get ready
Webinar 2 covers
- employment conditions
- tax treatments
- income types and country codes
- disaggregation of gross part 1
- lump sums and terminations
Webinar 3 covers disaggregation of gross part 2, including paid leave and allowances
Webinar 4 covers
- salary sacrifice
- reportable employer super contributions (RESC)
- reportable fringe benefits amounts (RFBA)
- deductions such as voluntary Child Support reporting
To view the webinar recordings, click here.
To read further information about STP Phase 2, click here.