Xero Single Touch Payroll Phase 2
By now, you’ll be familiar with Single Touch Payroll Phase 2. This will see your business build on its existing STP reporting to share more information with the ATO and additional government agencies whenever you process a pay run. With Xero’s deferral soon coming to an end, mandatory Phase 2 reporting is set to commence from 31 March 2023. This means that all Xero Payroll users must transition to the Phase 2 reporting standard.
Time is of the essence as the deadline is rapidly approaching, so we strongly advise that you make your transition today. The good news is that you can now opt-in to STP Phase 2 and transfer all payroll data with just a few simple actions.
Uncertain where to begin? Don't worry; get in touch with Clear Vision Accountancy Group on 4688 2500, and we'll help.
