STP PHASE 2
Can anyone tell me if our software is enabled for STP PHASE 2?
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Hi Rachael
Reckon have sent out communication on this as they - like most of the other accounting software providers - currently have an extension in place to the end of this calendar year, to have this implemented.
They are working on the development for it so we'll likely have further info about it in the latter half of the year π
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Thankyou. If you don't mind me asking. What is the difference between STP PHASE 1 and Stp phase 2? Ie what are the changes? Sorry to be a pain!
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No problem Rachael βΊοΈ
Currently, STP only reports Gross, PAYGW, Net, SGC & RESC amounts. The 2nd phase of the rollout will just be breaking this down further to itemise & report on specific Allowances, Leave, Termination amounts & Deductions.
The purpose of this is for STP to eventually flow through to all government agencies eg Centrelink, Child Support etc to eliminate the need for employers & employees to have to report payroll/earnings separately.
Reckon have released more details this month here:
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Thankyou so much! Your a gem!
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