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Ianinfinance's avatar
Ianinfinance
Experienced Cover User
3 years ago

STP2 Reporting

Hi Brains Trust

We are fully STP1 compliant and I have updated the necessary info for STP 2 . How do I know that I am STP compliant? MYOB please advise. 

STP2

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  • SupportNoteGuy's avatar
    SupportNoteGuy
    MYOB Staff
    3 years ago

    Hi Ianinfinance - sorry for the late reply!

     

    You'll be prompted in your MYOB software to make the move to STP Phase 2 in the coming weeks. When you make the move, your software will be checked to makes sure everything complies with the ATO's new requirements. As you've made a headstart and got all your info ready, your transition should be a very quick, smooth process.

     

    So wait until you're prompted to make the move - and until then you can continue reporting STP as you currently do.