Australian ERP CRM Accounting software company SapphireOne Pty Ltd recently announced it is now fully compliant with the Australian Tax Office’s Single Touch Payroll(STP). This new reporting feature allows finance managers to generate and report Pay As You Go (PAYG) Withholding, salaries and wages and Superannuation information to the Australian Tax office(ATO).
SapphireOne’s Payroll module is compliant with Single Touch Payroll, creating payslips, bank files (ABA EFT) and reports employee PAYG and Superannuation information each time a Pay Event is created. The payslip and bank file provides proof of payment to the employee, while the employee’s PAYG and Superannuation information are forwarded to the ATO, following a Standard Business Reporting 2 (SBR2) template.
The ATO archives this information to a central database after matching it to the corresponding employer/employee, and in so doing allows:
Employers to view their PAYG withholding liabilities with ease.
Employees to see their Year to Date Tax and Superannuation information, via personalised portals at the ATO’s MyGov website.
Contact Person: John Adams
Email: [email protected]
Phone: +61 2 8362 4500
SapphireOne Pty Ltd
SapphireOne is an Australian company distributing globally providing an all inclusive resource planning software with applications for managing business enterprises (ERP). These offerings consist of a stand alone Single User application named Sapphire, a Client Server application named SapphireOne and our Sapphire Webpack solution. With a good track record of managing Business Accounting Systems, SapphireOne has been providing business freedom since 1986.
Read More : https://www.sapphireone.com/home/about-us/
P: +61 2 8362 4500