WebMYOB has secured a deferral for all Payroll users until 31 December 2024. To 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. WebSingle Touch Payroll is being expanded to Phase 2 to make it simpler for employers who need to report information about their employees to multiple government agencies. What's covered How the STP Readiness Check works Changes to employee fields Changes to income types Overview of new reporting categories Not covered Initial setting up for STP
STP Phase 2 - MYOB Essentials payroll - MYOB Community
WebJul 31, 2024 · In general, your STP Phase 2 reporting should contain a cessation date and reason for an employee when there are also payments that are connected to termination, such as: Employment termination payments (ETPs) Unused leave on termination (paid leave type U) Lump Sum A, B or D. WebFeb 21, 2024 · Single Touch Payroll (STP) Phase 2 is an expansion of the ATO's payroll reporting system. Under this expansion, you'll report additional information to the ATO and … client consulting analyst
Getting ready for STP Phase 2 - MYOB Business - MYOB …
WebJan 1, 2024 · All MYOB Business plans are STP Phase 2 compliant, seamlessly capturing and reporting all the information the ATO requires. Whether you’re a micro business looking for a simple payroll solution or a growing or established business in the market for accounting software, MYOB has you covered. 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 … WebThe ATO has announced that Phase Two of its Single Touch Payroll (STP) expansion will now start on 1 January 2024. As an extension from the previous date of 1 July 2024, this gives businesses more time to get ready for a new era of STP. The ATO has also announced that closely held payees (those directly related to the business, such as family ... bnt otic treatment