Preparing for STP Phase 2
The start date for Single Touch Payroll Phase 2 is fast approaching, but with everything going on around us at the moment, the ATO has decided to provide a short blanket deferral for all employers.
In this episode of Accountants Daily Insider, we partner with Intuit QuickBooks to hear from Lielette Calleja, who sits on the ATO’ STP Phase 2 advisory board, to hear about this latest concession and what it means for practitioners and their clients.
Lielette, the chief accounting technician at the Association of Accounting Technicians and a director and founder of her firm All That Counts, also explains what the expanded reporting requirements of STP Phase 2 will look like, and why the government is asking for this data.
She also shares some key points to help advisers prepare themselves and their clients for the change ahead.