What’s next for Xero’s STP Phase 2 roll out
Summary
To help you make the transition, Xero is rolling out these changes in three stages ahead of our deferral deadline later this year, with the majority of updates available from August. It’s a way of capturing relevant information and sharing it with the ATO each pay run – and why we’ve bid farewell to EOFY payment summaries. Here are the dates you should know: Stage one – August: The first part of this process is transitioning your new and existing employee records to be STP Phase 2 compliant. Stage three – October: This is the final step in the STP Phase 2 transition and will break paid leave down into additional subcategories. We’ll support you with a guided payroll experience to more easily update existing leave categories to meet the new reporting requirements.
