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MYOB Essentials, Australia only
After you've set up Single Touch Payroll, your end-of-year payroll gets a lot easier.
You'll continue paying your employees like normal
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.
Say goodbye to payment summaries
From the 2018/19 payroll year onwards, you won't need to prepare or send payment summaries.
Instead, you'll finalise your STP reporting, which is a simple process.
When you finalise, the status of the employee's income statement in myGov will change to Tax ready. This means they'll be able to pre-fill and lodge their tax return. Check with the ATO on the due date for making this finalisation declaration.
Once you're set up and you click Looks good to 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.