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Tax Office updates low-cost STP providers list

Tax

The ATO has updated its list of companies intending to provide simple, low-cost single touch payroll solutions for micro-businesses.

By Jotham Lian3 minute read
ato

The Tax Office first published its initial list of suppliers late last year, with prominent software providers and a big four firm featuring.

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The solutions are required to be affordable, that is, cost less than $10 per month, take only minutes to complete each pay period and do not require the employer to maintain the software.

According to the ATO, these solutions may include mobile apps, simple reporting solutions and portals.

The latest suppliers’ list update coincides with the start of the ATO’s push to start contacting small employers who have 19 or less employees to get them to start reporting before legislation passes.

You can view the full list of companies looking to offer the low-cost STP products on the ATO’s website.

Last year, the ATO confirmed micro-businesses would have more flexibility than larger businesses in applying the STP framework. You can read more about the parameters for micro-businesses here.

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Tax Office updates low-cost STP providers list
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Jotham Lian

Jotham Lian

AUTHOR

Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.

Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.

You can email Jotham at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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