AccountRight Plus and Premier, Australia only
Single Touch Payroll (STP) is an ATO initiative to streamline payroll reporting. You’ll be able to report payroll and super information directly to the ATO when you process a pay run in AccountRight (from either online or desktop company files).
As a result of this change, you may no longer need to complete payment summaries at the end of the financial year as your employees' payroll information will be available to them through the government's online service, MyGov.
You can report Single Touch Payroll amounts to the ATO directly from AccountRight (2018.2 and later).
Payment summaries still required for 2017/2018 payroll year. Even if you've reported payroll information to the ATO via Single Touch Payroll prior to 1 July 2018, you'll still need to prepare payment summaries for the 2017/2018 payroll year.
Do I need to report my payroll?
The ATO required you to do a headcount of total employees on 1 April 2018. This is a headcount – not the full time equivalent (FTE) number. The ATO website explains more about this headcount.
If you had 20 or more employees on 1 April 2018 you need set up and start reporting using Single Touch Payroll. If not, you don’t need to use STP reporting now, it's only optional.
How do I report payroll in AccountRight?
Before you report Single Touch Payroll amounts, you need to:
- Check that your company information and employee details meet ATO requirements,
- Assign an ATO category to all your payroll categories.
- Connect your MYOB software to the ATO.
Once connected, your payroll information is automatically sent to the ATO when you process payroll in AccountRight.
Want to learn more about Single Touch Payroll?
The ATO website has lots of great info - see Single Touch Payroll.
If your employees want to know more, the ATO website has them covered too - see Single Touch Payroll for employees.
Need some training?
Learn from an expert at an Single Touch Payroll training course, or complete our free e-learning course. Visit MYOB Academy to learn more.