Single Touch Payroll Reporting (STPR) is the Australian Taxation Office’s (ATO’s) first whole-of-economy, big data initiative to collect real-time transaction and compliance information, creating significant changes for how businesses across the country report to and engage with regulators. Under STPR, the ATO collects payroll data in real-time, which has helped improve compliance and transparency of information.
How BDO can help
Our business advisers understand STPR requirements, and can help you successfully navigate and benefit from these changes. Get in touch with one of our team to discuss further.