WebOverview Single Touch Payroll (STP) will be expanded to include additional information. Customers using Xero Payroll have been granted a deferral on the start date of STP Phase 2. There are several main areas of changes to be aware of. What you need to know STP Phase 2 start date STP Phase 2 changes How STP Phase 2 affects your business Web10 Step Transition Checklist This is a high-level checklist of the steps required to complete your STP Phase 2 transition using MYOB Advanced Payroll. Refer to the Release Notes for the detail. 1. Complete pays & STP submissions 2. Enable STP Phase 2 3. Update Employer Details 4. Update Payment Setup 5. Update Lump Sum E Financial Year (s) 6.
Access MicrOpay: STP Phase 2 - Frequently Asked Questions
WebMYOB Exo Employer Services users will need to transition to STP Phase 2 reporting before your first pay run in the 2024 financial year. To start STP Phase 2 reporting, you’ll need to … WebJan 1, 2024 · What is STP Phase 2? The expansion of Single Touch Payroll is known as STP Phase 2. For Phase 2, you'll need to send additional information to the ATO about areas such as employment type, gross income and country codes. Providing this additional information will reduce your overall reporting burden. memphis tn internet service providers
Single Touch Payroll Phase 2 employer reporting guidelines
WebTo help ensure a smooth transition ahead of the compliance date, MYOB will be rolling out Phase 2 in three stages over the year. Stage one: The first stage will start from April. This will include updates to the way new employee records are set up in payroll, to ensure STP Phase 2 … WebWho in your business will manage the transition to STP Phase 2? STP PHASE 2 CHECKLIST Single Touch Payroll (STP) Phase 2 started on 1 January 2024 as mandated by the ATO, however ... Visit MYOB STP 2 Hub Watch the ATO webinars on STP Phase 2. Australia SE Support: 2 Partner Support: PRC00222 4. Review key employee details required WebThe Australian Tax Office (ATO) has announced Single Touch Payroll (STP) reporting changes which impact payroll reporting in MYOB Advanced. The expansion, known as STP Phase 2 (STP2) requires you to review, update and validate your payroll data in order to be compliant. MYOB and Momentum are helping you manage the transition memphis tn locksmiths