{"id":259521,"date":"2023-02-15T12:25:30","date_gmt":"2023-02-15T00:25:30","guid":{"rendered":"https:\/\/www.reckon.com\/au\/?page_id=259521"},"modified":"2023-04-05T15:21:59","modified_gmt":"2023-04-05T03:21:59","slug":"why-the-ato-is-rolling-out-stp-2","status":"publish","type":"page","link":"https:\/\/www.reckon.com\/au\/small-business-resources\/single-touch-payroll\/stp-phase-2\/why-the-ato-is-rolling-out-stp-2\/","title":{"rendered":"Why the ATO is rolling STP Phase 2"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”GLOBAL: Breadcrumbs” module_id=”product-nav” _builder_version=”4.18.0″ _module_preset=”default” width=”100%” max_width=”100%” custom_padding=”15px||15px||true|false” global_module=”254466″ saved_tabs=”all” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” text_font=”|700||on|||||” text_font_size=”14px” link_font=”||||||||” link_text_color=”#03002e” global_colors_info=”{}”][\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”HEADER” module_id=”header-articles” module_class=”articles” _builder_version=”4.16″ custom_padding=”||5px||false|false” bottom_divider_color=”#f3f2f6″ bottom_divider_height=”400px” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”0px||||false|false” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text content_tablet=”<\/p>\n

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The ecommerce platform for small business<\/h1>\n

All the features you need to start and scale your online business from one simple place.<\/p>\n

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Why is the ATO rolling out STP Phase 2?<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”FEATURES” module_id=”articles” _builder_version=”4.16″ width_last_edited=”off|desktop” global_colors_info=”{}”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” width=”90%” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” header_2_font=”|700|||||||” header_2_font_size=”23px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

The ATO and several related government bodies are seeking to reduce manual processes, reporting burdens and increase communication between businesses and the government. The aim is to better understand how each individual employee is paid and automate the transmission and storage of this information, especially when inter-departmental processes arise, such as child support.<\/span><\/p>\n

As the ATO notes on the new update: <\/span>\u201cThis expansion of STP (also known as STP Phase 2) will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. It also supports the administration of the social security system.\u201d<\/span><\/p>\n

Key benefits:<\/p>\n