What You Need To Know
STP Phase 2 requires all employers to report additional information through STP on or before each payday.
- Includes employment or income type and reasons for any cessation of employment.
- All customers using Xero Payroll have until 31 March 2023 to report their first STP Phase 2 pay run.
Start your STP Phase 2 transition now to ensure there is enough time to check and correct any payroll data.
WHAT YOU NEED TO DO
- Update Employee Records
- Update Earnings Pay Items
- Update Leave Categories
- Opt-in to Phase 2 reporting
WHAT YOU CAN DO NEXT
The A Firm Accountants can help you make Single Touch Payroll simple! Get in touch with us today for all your Proactive Accounting needs: