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ATO reveals STP reporting options for closely held payees

Employers with closely held payees will now have three options to report payments through Single Touch Payroll, following guidance from the ATO.

ATO reveals STP reporting options for closely held payees
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ATO reveals STP reporting options for closely held payees

The ATO has confirmed that STP reporting for closely held payees will commence from 1 July, after it had granted these employers a one-year exemption in the midst of the pandemic last year.

Read more at the AccountantsDaily.

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