In the 2019–20 Budget, the government announced that Single Touch Payroll (STP) would be expanded to include additional information.
The expansion of STP, also known as STP Phase 2, will reduce reporting burden for employers who need to report information about
their employees to multiple government agencies.
The mandatory start date was 1 January 2022 however Xero Payroll users obtained an extension until 31 December 2022. STP Phase 2
will be rolled out in phases:
| Stage one: |
The first stage will start being available within Xero from mid-April onwards. This will include updates to the way new employee records are set up in payroll, ensuring STP Phase 2 compliance. |
| Stage two: |
The second stage will begin rolling out within Xero mid-year. This will extend the set up process to enable the transition of existing employee payroll records to STP Phase 2 compliance. This will provide ample time for you to ensure all employees in your business are correctly set up for STP2 Phase 2 compliance. |
| Stage three: |
The final stage will be available in the second half of this year. It will see the new pay items from STP 2 finalised in Xero, with product support to review existing pay items that may need to be changed to those stipulated by STP Phase 2. |
LIVE 2-DAY COURSE - MORNINGTON
29 & 30 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - SYDNEY
25 & 26 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - BRISBANE
8 & 9 September 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
LIVE 2-DAY COURSE - PERTH
18 & 19 August 2025
Join SkyBots’ 2-day Workshop with automation expert Daryl Aw to revolutionise your workflow using Power Automate, UiPath, VBA,
and cutting-edge AI tools like Copilot and ChatGPT. Tailored for accounting and finance professionals,
bookkeepers and small business owners, this hands-on training will teach you to automate repetitive tasks, generate and optimise VBA
scripts, and deploy robust automation solutions independently.
WEBINAR - Registration Essential
15th August 2025 - 12:30 - 1:30.p.m
The best retirements are those planned well in advance. Because when it comes to designing the life you want, age should never be a limit.
In this expert-led webinar, we’ll walk you through the essential strategies to help you create a financially secure and fulfilling
retirement - on your terms.
WEBINAR - Registration Essential
8th August 2025 - 12:30 - 1:30.p.m
Thinking about using your super to invest in property? Join our expert-led webinar to explore how a Self-Managed Super Fund (SMSF) can help
you build long-term wealth through property investment.
WEBINAR - Registration Essential
1st August 2025 - 12:30 - 1:30.p.m
Join our free webinar, SMSF: Is It the Right Investment Strategy for You?, to explore how a Self-Managed Super Fund can help you
take control of your retirement in today’s changing economic landscape.
Property prices have surged in several markets since the Reserve Bank of Australia's first interest rate cut in February.
A personal loan can help improve your credit score if managed properly. Regular, on-time repayments show lenders you can handle debt responsibly.
Investors now represent a substantial portion of new lending, approaching record highs in some smaller states and reaching levels nationally
Familiarise yourself with auction rules and terminology. Understand how vendor bids work, and clarify all sale terms before auction day.
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Planning ahead can prevent surprise tax bills and smooth out your cash flow.
Australia has established itself as the world's second most attractive data centre investment market, with only the United States receiving more capital inflow in this rapidly expanding sector.
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It’s a powerful question, and one we help clients explore every day. it’s about understanding your whole financial picture and the lifestyle you want to create.
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The investment market volatility that kicked off in March 2025 has felt like a punch, particularly for those in or nearing retirement.
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To be eligible to make a downsizer contribution to your super, you must be aged 55 or older and have owned your home for at least 10 years prior to the sale.
The investment market volatility that kicked off in March 2025 has felt like a punch, particularly for those in or nearing retirement.
Struggling with loan repayments? Discover the truth about financial hardship arrangements, how they impact your credit, and the proactive steps you can take to regain control.
Start the new financial year with confidence. Discover practical strategies to refocus your goals, improve cashflow, strengthen client relationships, and build a smarter, more resilient business.
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Passing on wealth is about more than writing a will—it’s about creating clarity, avoiding conflict, and empowering the next generation. With Australia’s largest intergenerational wealth transfer already underway, it’s never been more important to approach succession with care, strategy, and forward thinking.
When someone passes away with superannuation savings, the taxable component of their balance can trigger a 17% tax hit if left to a non-dependant. It’s a heavy financial burden, particularly for adult children. But recent private binding rulings from the Commissioner of Taxation offer a smarter way forward.
A business line of credit can help cover operational expenses like wages, rent, and stock.
A business loan can provide the working capital needed to cover short-term expenses like wages, rent, supplier invoices, or utility bills, without disrupting day-to-day operations.
Large format retail (LFR) continues to stand out as an investment class across Australia's commercial market, with strong yields compared to other assets
Businesses across Australia are shifting from rapid warehouse expansion to strategic consolidation as they face rising real estate costs and normalising e-commerce demand in 2025.
ONLINE WEBINAR
23 February 2023 // 12:30pm
In our upcoming webinar we'll be diving into some common exit
strategies for successful succession planning, the pros and cons, and what you need to consider before making a decision.
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ONLINE Webinar: Insurance Stripped Bare - What you really need to protect your assets
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Taking time to ask yourself the big questions can be daunting and empowering at the same time. Understanding and prioritising your goals and needs is a valuable step.
With many of our business community made up of building companies, building suppliers and trades people, this is an issue bigger than ProBuild itself. The ripple effect of the demise of such a building giant will leave many of us asking the question ‘how secure is my business and my livelihood?’
In this webinar we will go through tax effective strategies that can achieve a net-benefit to your employees without costing you more.
The impact of Covid-19 and the associated lockdown has made it more important than ever to ensure, where possible, that you’re still getting paid.
If you're looking into investing into property, regardless if it's residential or commercial, there's plenty to weigh up.
To have the retirement of your dreams, you must plan ahead. The bonus is, the sooner you start thinking about your retirement life, the better opportunity you have of making those dreams a reality.
You've got a big block with big plans to subdivide in order to make big bucks. But do you know the ins-and-outs of property development from a TAX perspective? Before you jump in and commit to anything, it is important to understand the tax liabilities that might arise from your projects that will affect your overall profitability.
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