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  • Talking STP Phase 2 and more for small business

    18 November 2021

    Single Touch Payroll (STP) is expanding from 1 January 2022. Known as STP Phase 2, the expansion will reduce the burden for employers who need to report information to multiple government agencies.

    Acting Assistant Commissioner Julia Cook and Senior Director David Jepsen discuss STP Phase 2 with Assistant Commissioner Jason Lucchese in the latest episode of our Tax inVoice podcast. They discuss:

    • benefits of STP Phase 2 for employers and employees
    • changes to STP reporting and key dates
    • elements of STP reporting that won't change
    • what you can do to prepare.

    The podcast is the latest addition to our range of support and materials to help you understand STP Phase 2.

    The podcast also covers:

    • the extension of the 80 cent per hour shortcut method for calculating working from home expenses
    • Director ID
    • the new stapled super fund rules, which started 1 November 2021
    • the difference between myGov and myGovID.

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