Single Touch Payroll (STP) will connect you to the Australian Taxation Office through your payroll software.
Each time you run your payroll and pay your staff, you will be sending your employee’s salaries and wages, Pay as You Go withholding and superannuation, to the ATO at the same time.
Superannuation funds will report to the ATO when they receive your employee’s superannuation contribution.
The ATO will know if you are now paying your workers their superannuation entitlements ON TIME, and strong compliance action will follow.
The payment deadlines cannot afford to be avoided.