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 MYOB Essentials.
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 MYOB Essentials.
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 MYOB Essentials?
Before you report Single Touch Payroll amounts, you need to: