Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREExclusive: Squeezed firms could pay staff less frequently
Smaller businesses with no electronic payroll systems could be forced to reduce the frequency at which they pay their staff if a high-profile reporting change is implemented by the ATO.
Tony Greco, head of policy at the Institute of Public Accountants, told My Business that while the introduction of Single Touch Payroll (STP) reporting is causing some problems for larger businesses in updating their digital systems, microbusinesses that rely on back-of-envelope calculations will be forced to make drastic changes should STP be rolled out across all businesses, as is expected.
Read the full article at My Business.
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