We are aware the ATO has sent correspondence to businesses to remind them they will need to start reporting additional payroll information as part of their STP Phase 2.
STP2 started on 1 January 2022 however MYOB, Xero and other software providers were not able to update their systems in time so applied for a deferral with the ATO.
MYOB and Xero both have a deferral until 31 December 2022 which means businesses using these software’s have until this date to opt into STP2. If you are using another software for your STP reporting then we recommend checking when they will be STP2 ready.
MYOB has now finished their STP2 software so you can opt in at any time, there will be some additional set up as you will need to report further information going forward.
Xero are still working on their software, but they are hoping it will be fully functional in the next couple of months.
If you have any questions or would like some assistance with set up please contact us.