Single Touch Payroll (STP) compliance kicked off 1st July 2018. foundU is an STP approved supplier.
The reporting required for STP including employee payments, PAYG and superannuation will be automatically sent to the ATO via the foundU platform on your behalf. You will be asked for consent when generating payslips to share the data with the ATO. This means even less work for you as you will no longer need to:
- report on PAYG withholding information on activity statements
- produce payment summaries for employees
- provide a payment summary annual report