Why Getting STP Right Matters
Errors Report Directly to the ATO
Unlike older payroll systems where mistakes might sit unnoticed in your records until year end, STP errors go to the ATO immediately. Getting the setup right from the start prevents problems down the track.
Phase 2 Added Significant Complexity
STP Phase 2 introduced disaggregated income reporting, meaning you now need to separately report salary, allowances, overtime, and leave. Many businesses are still not fully compliant. We make sure yours is.
Your Employees Benefit Too
With correct STP reporting, your employees can see their year-to-date income and tax information in myGov at any time — and their income statements are ready at tax time without you having to issue payment summaries.