Government seeks to streamline business reporting
The government has reiterated its plan to simplify and streamline business reporting processes with the implementation of Single Touch Payroll.
Speaking about the STP system, Minister for Small Business and Assistant Treasurer Kelly O’Dwyer noted that with the new measures in place, Pay As You Go (PAYG) withholdings will now be automatically reported to the ATO via Standard Business Reporting (SBR) software.
Read the full story at AccountantsDaily.
