Employer Superannuation Contributions

[qldfrog]

Single Touch Payroll | Australian Taxation Office

Understand how using Single Touch Payroll streamlines employer reporting to us and other government agencies.

www.ato.gov.au

Even small business are supposed to be using this which also has the ability to track superannuation payments.

"With STP, you report employees' payroll information to us each time you pay them through STP-enabled software. Payroll information includes:

• salaries and wages
• pay as you go (PAYG) withholding
• superannuation.

STP started on 1 July 2018 for employers with 20 or more employees and 1 July 2019 for employers with 19 or fewer employees and is a mandatory obligation."

Not working as well as expected?

Another level of red tape where the employer has to do the gov job.
The last straw which see me close my business in the coming year
Instead of paying super, you now have to pay super then record it to the ato via an it platform..so here goes another set of hundreds of bucks in smoke