Single Touch Payroll (STP) is an initiative by the Australian Tax Office (ATO) to provide real time visibility over the accuracy and timeliness of organisations' payroll processes. STP streamlines the administration of employee payroll, tax and superannuation obligations for employers.

From 1 July 2018, employers began reporting their employees’ tax and super information to the ATO through payroll software that is STP ready.

Benefits of STP are, as follows:

  • No payment summaries are required to be prepared and lodged.
  • Employees can access all their payment details (Year to date salary, super contributions and PAYGW) via their MYGov account.
  • From July 2019 salary and wage information will be pre populated into your monthly or quarterly activity statements (including W1, W2 amounts).

    Over 20 Employees
  • Should be registered and compliant already (Start date was 1 July 2018).
  • Contact us immediatly if you’re not using STP or your software isn’t supporting STP.

    Under 20 Employees
  • Be STP ready by 1 July 2019.
  • Already using live accounting software such as MYOB, Xero, Quickbooks then check you are compliant and ready to start reporting.
  • Not currently on live version or using a compliant software system contact us to discuss your options and we can assist you with transitioning to a software system which is STP compliant.
  • ATO is looking into reporting options for Micro businesses one to four employees (Watch this space and check in with us in early 2019 for options).

Useful Links:

ATO Single Touch Payroll

ATO Fact Sheet

MYOB Single Touch Payroll

Xero Single Touch Payroll