Highly anticipated STP law secures passage

Single touch payroll will now cover businesses of all sizes after legislation was passed by the Senate on Wednesday.

The Senate has passed the Bill proposing to extend STP to employers with 19 or less employees from 1 July 2019.

The passage of legislation follows months of uncertainty for the small business sector after STP was officially rolled out for employers with 20 or more employees from 1 July 2018.

Read the full article at the Accountants Daily.

 

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