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STP to put spotlight on super contributions

While Single Touch Payroll has sparked debate about efficiency and cost of electronic payroll, it has been claimed employers that are late in paying super contributions will “stand out in real time”.

STP to put spotlight on super contributions
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STP to put spotlight on super contributions

Ian Morante, head of SME specialist superannuation fund Nationwide Super, told My Business that business cash flows will come under greater scrutiny once the Single Touch Payroll (STP) reporting system is rolled out to small and microbusinesses by the Tax Office.

Read the full article at My Business.

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