What is Single Touch Payroll?

Single Touch Payroll (STP) is changing the way business engages and reports payroll information to the ATO.
Instead of reporting once a year via Payment Summaries (Group Certificates), reporting is now required to be done EACH pay run eg weekly, quarterly, monthly.

The change has already commenced.

Timeline is as follows and note this is a head count not a FTE (full time equivalent) count:
  • 20+ employees – reporting was required to commence from 1st July 2018
  • 1-19 employees – reporting is required to commence from 1st July 2019
  • Micro businesses – those employing 1-4 employees (remember it is not FTE but head count but number on the payroll), will have an option in the first two years to be able to report via their tax or BAS Agent quarterly, instead of each pay run.

The ATO will provide some exemptions from STP reporting for employers experiencing hardship, or in areas with intermittent or no internet connection.

Single Touch Payroll Guide

Download this free guide to learn more about Single Touch Payroll for micro & small businesses.

Download STP guide

STP Training Courses

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MYOB

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Xero

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Reckon

Everything you need to run and grow your business.

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QuickBooks

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Click here to download the flyer for more information.

What are the benefits of moving to STP?

Employers
  • Payroll reporting is combined with your pay run process. You send this information to the ATO every payroll event instead of once a year in July, helping you gain valuable time around end of financial year.
  • The ATO pre-fills PAYG payroll fields W1 & W2 in your BAS, eliminating potential errors and double handling.
  • You are no longer required to generate and distribute payment summaries to employees as this information is available online via a myGov account.
  • On-board new employees quickly with online commencement forms including Tax File Number Declaration and SuperChoice.
Employees
  • Real-time access to year-to-date payments and contributions via MyGov including superannuation, income and tax.
  • Your payroll information is pre-filled in your tax return, making it easier and quicker to complete as you won’t need to wait for a payment summary from your employer.
  • Electronic commencement forms including a pre-filled Tax File Number Declaration and SuperChoice form makes starting a new job easier.
What to do next?