ATO outlines penalties for STP failures
Employers with 20 or more workers are now past their 12-month introductory period for Single Touch Payroll, with the ATO outlining what and how penalties will apply for late or missed reports.
The ATO has repeated its previous position that no penalties would apply for the first 12 months of Single Touch Payroll (STP), which took effect for larger employers from 1 July 2018 and has now been rolled out to smaller employers (those with 19 or less employees) from 1 July 2019.
Read more at MyBusiness.
