There is a process for transitioning from STP to STP Phase 2. The first part is to confirm you already have STP compliant software. With 25 years of compliance experience, Sage is committed to ensuring our customers are compliant with the latest regulations.
The second part is reviewing your system holds all the relevant data to support interactions with the ATO and Services Australia. This will involve the desegregation of gross, entering additional data into new fields as well as configuring the system to appropriately manage the required granularity for these new STP Phase 2 reporting requirements.
Need more information? Check out our FAQs.