The Australian government launched STP in 2016, where employers with over 9 employees must report their payroll information for each pay run to the ATO. When the ATO introduced STP Phase 2 earlier this year, some of the reporting obligations changed.
Here’s what you need to know about STP Phase 2 reporting in Xero, and how EzyLearn’s got you covered with the training.
Knowledge of payroll is an important skill for bookkeepers, accountants, business owners, and BAS agents. EzyLearn has payroll courses in multiple accounting software, but now we’re introducing a course that covers all of these payroll training courses in one place, and under one fee.
Xero My Payroll is a secure online portal that allows employees to submit timesheets, leave requests, view and download payslips, and manage their personal information. It’s not as powerful as some Workforce Management Apps but that is why Xero purchased Planday!
In 2016 the Australian government launched Single Touch Payroll (STP)as part of the Budget Savings (Omnibus) Act 2016. It’s a mandatory obligation for employers with over 9 employees to report their payroll information for each pay run to the ATO.
The idea is to reduce the burden on employers having to report information to multiple government agencies. With STP, employers can report all this information to the ATO through their approved accounting software (like QuickBooks Online, Xero, and MYOB).
But now the rules have changes… AND our Payroll Courses have already been updated!
In June 2021 I announced a new Workforce Management Cast Study in development. In their most recent annual report to shareholders Xero announced the acquisition of yet another “integration” that sets it up to become the Sage of Small Business Accounting.
Sage and other ERM’s work on the basis of modules that provide a specific functionality but until now it was only really relevant for the big end of town. Now Xero will capture revenue from several apps rather than charge one price that includes everything. It’s going back to the days of Attache!
One reason I love online training and how it offers exceptional value for students who are looking for work as well a those who are currently working is that they can ask questions and have them answered using EzyLearn ANSWERS.