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Single Touch Payroll (STP) is a simple way to report your employees’ payroll information to the ATO and keep your business compliant. Tell me more about STP.
MYOB Essentials helps you get STP ready—here's what's involved:
Ready to get started?
To start reporting your payroll information via STP from 1 July, we recommend finishing your last pays for June and preparing your payment summaries. Once that's out of the way, you're ready to set up STP for the new payroll year.
To get started, go to the Payroll menu and choose Payroll Reporting.
MYOB Essentials will guide you through the setup process, which includes the following:
What you need to do
There are 3 quick setup tasks—click each for details.
- Check company and employee details meet ATO requirements.
- Assign ATO reporting categories to your payroll categories.
- Connect to the ATO to allow payroll info to be submitted.
Get your employees to set up a myGov account so they can access their year-to-date payroll info and end of year summary.
How do I know if I'm set up for STP?
You'll know you're set up when you go to the Payroll menu > Payroll Reporting and see the Payroll reporting centre:
If you don't see this, but instead you're prompted to set up Single Touch Payroll, see above for details.
Once you're set up and you process a pay run, you'll be prompted to declare and submit the information to the ATO. You'll only be able to do this if you've completed the Connect to the ATO steps.
What happens after I'm set up for STP?
Once you've connected to the ATO, you're all set up for Single Touch Payroll reporting. You won't notice anything new while entering your pays, but after you process a pay you'll now have to send the payroll information to the ATO.
This is easily done, enter the name of the authorised sender and click Send.
You can check the status of your submissions by going to the Payroll menu and choosing Payroll Reporting.
Learn more about what happens after you've set up Single Touch Payroll.