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Over $500m in penalties detailed for STP non-compliance

Over $500m in penalties detailed for STP non-compliance

Large employers can face up to over $500 million in penalties for missed or late Single Touch Payroll reports as the transition year for bigger businesses tapers out.

  • Shared by Accountants Daily
  • July 03, 2019
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With employers with 20 or more employees required to be STP-compliant from 1 July 2018, the 12-month transition period has now run its course, meaning penalties are now in effect.

Read more at the Accountants Daily

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