Business Environment

Low-cost Single Touch Payroll Solutions

19 December, 2018, Posted By The Web

This article was published on the ATOs website and is available to view here.

Expect to see a range of simple, low-cost Single Touch Payroll (STP) solutions in the market from early 2019.  These solutions will best suit micro employers (with one to four employees) who need to report through STP, but do not currently have payroll software.

In response to the market request by the ATO, 31 companies have put forward product proposals to offer low-cost STP solutions.  The solutions are required to be affordable (costing less than $10 per month), take only minutes to complete each pay period and not require the employer to maintain the software.  These solutions may include mobile apps, simple reporting solutions and portals.

Read more here and view the list of companies intending to offer these solutions.

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