SMSFs to be spared from new STP reporting obligations
An industry law firm has assured SMSF professionals that the new Single Touch Payroll obligations will not apply to SMSFs, despite the way certain superannuation benefits have been treated for reporting in the past.
From 1 July 2019, all employers, including small employers with 19 or less employees, will need to report payroll information to the ATO in real time under the Single Touch Payroll (STP) regime.
Read more at the SMSF Adviser.
