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MYOB Essentials, Australia only
What's Single Touch Payroll?
Report your payroll to the ATO each time you do a pay run. Your employees' information in myGov is always up to date, and there's no more payment summaries for you to process.
Once you're set up, you'll send a report to the ATO with each pay, then finalise things at the end of the payroll year.
1. First, let's get you set up
There's two things you need to do before you're ready to send STP reports. First, make sure your employee, company and payroll data is in the right format. Then, let the ATO know that you're ready to go.
Don't worry, we'll guide you through the whole process.
2. Report employees' pay to the ATO
Once you've set up Single Touch Payroll, your employees' year-to-date totals will be automatically reported to the ATO.
Tip: Do your first STP pay run before June 30, and you won't need to do payment summaries this year (or ever again).
3. End-of-year finalisation
Now you're using Single Touch Payroll, end-of-year is much easier. Instead of payment summaries, you just need to confirm that the data you've already sent is final and correct. You can also enter reportable fringe benefits amounts (RFBA) at this step.
Once you've finalised your Single Touch Payroll information, your employees will be able to pre-fill and lodge their tax returns in myGov.