{"id":259526,"date":"2023-02-16T13:14:49","date_gmt":"2023-02-16T01:14:49","guid":{"rendered":"https:\/\/www.reckon.com\/au\/?page_id=259526"},"modified":"2023-11-14T10:52:59","modified_gmt":"2023-11-13T22:52:59","slug":"what-stp2-means-for-small-businesses","status":"publish","type":"page","link":"https:\/\/www.reckon.com\/au\/small-business-resources\/single-touch-payroll\/stp-phase-2\/what-stp2-means-for-small-businesses\/","title":{"rendered":"What it means for your small business"},"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

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

” content_phone=”<\/p>\n

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

” content_last_edited=”off|desktop” admin_label=”Header” _builder_version=”4.20.2″ text_orientation=”center” background_layout=”dark” hover_enabled=”0″ text_orientation_tablet=”center” text_orientation_phone=”” text_orientation_last_edited=”on|tablet” global_colors_info=”{}” content__hover_enabled=”off|desktop” sticky_enabled=”0″]<\/p>\n

What does STP Phase 2 mean for your small business?<\/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=”4.19.5″ _module_preset=”default” header_2_font=”|700|||||||” header_2_font_size=”23px” global_colors_info=”{}”]<\/p>\n

STP Phase 2 will require you to simply be filling out your payroll data correctly in your chosen solution. Be sure to use a trusted provider who is ready to roll out compliance updates to their software.<\/p>\n

These updates to STP will be made by digital providers on your behalf and they\u2019ll be currently working with the ATO to ensure timely and competent compliance and delivery. You\u2019ll already be filling out this payroll information, so there are no new fields to capture on your end. In this sense and the automated nature of STP, you\u2019ll not be required to do anything further that you\u2019re not already doing under Phase 1.<\/p>\n

What it will do is decrease the compliance burden upon your business in terms of reporting. For example, under Phase 2 you\u2019ll no longer be required to submit TFN declaration forms. If you have any queries or concerns over your payroll<\/a> solution or if you need reassurance, be sure to consult your bookkeeper or accountant.<\/p>\n

What do I need to do?<\/h2>\n

If you\u2019re currently STP compliant with quality software, you should simply be running your payroll as usual. As the date approaches, you\u2019ll see that some current manual reporting requirements will lessen, but your payroll process remains unchanged.<\/p>\n

We’ve complied a helpful checklist for Reckon Payroll customers which you can find here ><\/a>.<\/p>\n

Back to STP Phase 2 Hub ><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”on|on|on” module_class=”cta” _builder_version=”4.16″ disabled=”on” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ make_equal=”on” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”3_5″ _builder_version=”4.16″ pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_text admin_label=”Get started with bank reconciliation today! ” _builder_version=”4.16″ background_layout=”dark” text_orientation_tablet=”center” text_orientation_phone=”” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

Need software to help you manage Single Touch Payroll?<\/h2>\n

We’ve got something for all business types and sizes.
\n[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.16″ pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}”][et_pb_button button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI0MjU5MCJ9fQ==@” button_text=”Learn more” button_alignment=”center” _builder_version=”4.16″ _dynamic_attributes=”button_url” custom_margin_tablet=”35px||||false|false” custom_margin_phone=”” custom_margin_last_edited=”on|tablet” custom_padding_tablet=”||||false|false” custom_padding_last_edited=”off|tablet” saved_tabs=”all” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

What does STP Phase 2 mean for your small business?STP Phase 2 will require you to simply be filling out your payroll data correctly in your chosen solution. Be sure to use a trusted provider who is ready to roll out compliance updates to their software. These updates to STP will be made by digital […]<\/p>\n","protected":false},"author":24,"featured_media":0,"parent":248901,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"difl_page_category":[],"class_list":["post-259526","page","type-page","status-publish","hentry"],"yoast_head":"\nSTP Phase 2: How Small Businesses Can Stay Compliant | Reckon<\/title>\n<meta name=\"description\" content=\"Single Touch Payroll Phase 2 is fast approaching and it is important that business owners know what this means for them. 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