Single Touch Payroll (STP)
The new standard in payroll reporting to the ATO
Single Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to government agencies.
What Is Single Touch Pay
With STP, you report employees' payroll information to the ATO each time you pay them through STP-enabled software. Payroll information includes:
- salaries and wages
- pay as you go (PAYG) withholding
- superannuation.
STP started on 1 July 2018 for employers with 20 or more employees and 1 July 2019 for employers with 19 or fewer employees and is a mandatory obligation.
If you haven't started reporting through STP, you need to start reporting as soon as possible as penalties may apply.
Need more info?
BAS Lodgement Inquiry
Bundle For A Better Price
Include Single Touch Payroll in an Agreed Price Service Plan to save around 10% on our standard rates.
LATEST NEWS
You’ve sold your business! But what happens now!? We’ve outlined five potential pathways your post-sale life could take, and how they help you find new goals and lifestyles.
Are you ready to sell your business? Here are six important ways to secure the best deal, through solid negotiation and a deep understanding of your core strengths as a company.
Is your business debt getting out of control? Come and talk to us about strategies for reducing debt and getting cashflow under control.
