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You don’t need to use STP reporting now, it's only optional. But all employers may need to start reporting using

use STP reporting?

If you pay employees, you'll most likely need to report to the ATO via STP from 1 July 2019

, subject to new legislation being passed.You can implement Single Touch Payroll by 1 July 2018 by upgrading to the new AccountRight

. But if you're not sure, check with the ATO.

How do I use STP reporting?

AccountRight v19 is not compatible with Single Touch Payroll reporting. To report your payroll activity via STP, you need to upgrade to AccountRight 2019 (an AccountRight subscription entitles you to an upgrade).

Can't upgrade yet?

The following features aren't available yet in the new AccountRight, so if you use any of these in AccountRight v19 you might not be able to upgrade just yet:

  • M-Powered Payments
  • multi-currency
  • negative inventory
  • multi-location stock tracking.

Once you've upgraded you can set up Single Touch Payroll reporting.

STP deferrals

If you can't

upgrade, we've worked with the ATO and you have been granted a deferral from STP reporting until 31/5/2019. More details about this deferral will be provided soon.

For the latest info on Single Touch Payroll, check our website ( myob.com/STP ).

report STP you'll need to contact the ATO about a deferral or exemption.

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AccountRight Plus, Premier and Enterprise, Australia only

What is

Single Touch Payroll

Single Touch Payroll (STP) is an ATO requirement which will change changes the way you report payroll payments, including:

  • salaries and wages
  • pay as you go (PAYG) withholding
  • superannuation information

It’ll simplify your ATO reporting because you’ll be able to do it directly from your payroll software at the same time as you pay your employees. This means you’ll be able to meet your ATO reporting obligations at the same time you pay your employees, instead of running a separate process. It will also make EOFY a breeze because you’ve already reported your payroll activity throughout the payroll year.

Learn more about the requirements of Single Touch Payroll on the ATO website.

What do

Learn more about what MYOB are doing at myob.com/stp

Do I need to do

?

You need to do a headcount of your employees as at 1 April 2018. This is a headcount – not the full time equivalent (FTE) number. The ATO website explains more about this headcount.

Did you have 20 or more employees on 1 April 2018?

NoYes
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Paying your employeesUpgrade to the new AccountRight