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Payroll and Payment Summaries – what you need to know

The introduction of Single Touch Payroll (STP) has meant that tax time this year will be a little different. Under the new system employers must report pay, taxes and superannuation information directly to the ATO every payday through STP. Employers using STP will not give employees a payment summary as they usually would at this time of year. Instead, employees will get an end-of-year income statement in ATO online services…  Read more

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