As previously reported by HTA, from 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers.
The ATO had previously asked software providers to provide a low cost payroll options for those with 1-4 employees, and today Xero has delivered the goods!
After months of development Xero has launched their new Payroll Only plan at just $10 a month.
Who will utilise this plan?
Xero’s payroll only plan is designed for businesses that have one to four employees, and those not ready to embrace a comprehensive accounting software.
What does Payroll Only include?
Payroll Only offers complete payroll for up to four employees, including timesheets and leave requests.
Want to know more?
Check out Xero’s recent update to discover more about their new Payroll Only plan.
If you’d like some more information on STP, please contact your local Richmond advisor at HTA.