Implemented by the ATO (Australian Tax Office) in 2018, Single Touch Payroll is a way for employers to report wages, PAYG and super.
Instead of waiting until the end of the financial year, payroll info is reported every time staff get paid.
There are further STP changes coming into effect from January 2022, however ATO has granted all QuickBooks customers a deferral of these changes until the 28 February 2022.
We have recently released some new updates in the platform to better prepare QB customers for STP Phase 2.