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What’s Single Touch Payroll？

Using STP, employers can report their employees’ salaries and wages, pay as you go (PAYG) withholding and super information to us from their payroll solution, at the same time they pay their employees.

Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO. It is a government initiative to streamline employer reporting obligations.

How does it work?

When you start reporting:

• you will run your payroll, pay your employees as normal, and give them a payslip
• your pay cycle does not need to change (you can continue to pay your employees weekly, fortnightly or monthly)
• your STP-enabled payroll software will send us a report which includes the information we need from you, such as salaries and wages, pay as you go (PAYG) withholding and super information

You will be reporting super liability information through STP for the first time. Super funds will also be reporting to ATO. They’ll let ATO know when you make the payment to your employees’ chosen or default fund. This is an important step toward making sure employees are paid their correct entitlements.

ATO systems will match the STP information to our employer and employee records. You will no longer have to give your employees a payment summary for the information you’ve reported and finalized through STP. Once you finalize your data, your employees or their registered agent will be able to lodge their income tax return using the STP information available in ATO online.

When it begins？

If you have 20 or more employees, Single Touch Payroll has been mandatory since 1 July 2018.

If you have 19 or less employees Single Touch reporting is mandatory from 1 July 2019.

Start reporting any time from 1 July – 30 September 2019.

What you need to do？

You’ll report the following information through an STP ready solution:

• payments to employees such as salaries and wages
• pay as you go (PAYG) withholding
• super information.

Reporting for Pay As You Go (PAYG) withholding, as well as superannuation, will be automated and streamlined.

❗ We can help you

we offer multiple options for your business to comply with ATO requirements.

If you’ve received a deferral notice from the ATO, time is running out before that expires. Act today to get compliant.