You can now enrol in STP Phase 2 – it’s crunch time to complete your transition

THE MOMENT IS HERE; THE FINAL STEP OF XERO’S SINGLE TOUCH PAYROLL PHASE 2 ROLL OUT IS NOW AVAILABLE TO ALL CUSTOMERS. ONCE YOUR PAYROLL DATA IS UPDATED AND YOU’VE MARKED EACH STEP AS COMPLETE IN THE STP2 PORTAL, YOU’LL BE ABLE TO ENROL IN PHASE 2 REPORTING – STEP FOUR OF THE TRANSITION. THIS WILL SEE YOUR BUSINESS SHARE MORE INFORMATION WITH THE ATO AND OTHER GOVERNMENT AGENCIES WHENEVER YOU PROCESS A PAY RUN.

With just over a month until Xero’s reporting deferral comes to an end on 31 March 2023, it’s crunch time for Xero Payroll users to transition to STP Phase 2 and begin mandatory reporting.

We strongly recommend you make your transition today with just a few steps.

Read on for an overview of everything you need to know (and do) to make the move, and remember, your advisor is always there should you need further guidance.

Tell me, what happens if I don’t transition in time?

In order to meet your reporting obligations, if you don’t transition by the 31 March deadline, your ability to file STP may be affected until you’ve completed the STP 2 setup. If you’re unsure about your transition status or what actions you need to take, speak to your advisor. Failure to comply with these transition requirements may result in scrutiny and potential penalties from the ATO.

But can’t I just...

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