Ianinfinance
3 years agoExperienced Cover User
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.
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.
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.