Payroll

Understanding Payroll Tax: A Comprehensive Guide for Employers and Employees

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Ever wondered about that line item for payroll tax on your pay slip? Or perhaps, as an employer, you’ve grappled with the intricacies of calculating and paying this tax accurately. Payroll tax is a crucial aspect of business in Australia, and grasping its nuances is vital for both employers and employees. Key Takeaways The Basics …

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A New Announcement From ATO of Single Touch Payroll

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Single Touch Payroll (STP), is an Australian Government initiative to reduce employers’ reporting burdens to government agencies. With STP, you report employees’ payroll information to us each time you pay them through STP-enabled software. Payroll information includes: Salaries and wages Pay as you go (PAYG) withholding Superannuation.   The ATO has made two important announcements …

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