From 1 July 2019, Single Touch Payroll (STP) will apply to all businesses in Australia with 19 or less employees.
Single Touch Payroll (STP) is a change to the way you report payroll information to the ATO. Each time you pay your employees you will also be sending your employee salary and wage information, pay as you go (PAYG) withholding and super information to the ATO. These will be year-to-date amounts.
You will need to make sure your current payroll software is updated by your digital service provider (DSP) to offer STP reporting or choose payroll software that is STP-enabled. If you don’t currently use payroll or accounting software, get in touch today 9584 2277.