AccountRight Plus and Premier (v2018.2 and later), Australia only Single Touch Payroll (STP) is a simple way to report your employees’ payroll information to the ATO and keep your business compliant. If you’ve subscribed to MYOB AccountRight, you can start STP reporting now . There's — there are no additional charges. Once you're set up, you'll send your employees' salary, tax and super info to the ATO after each pay. This means no more payment summaries at At the end of the financial year . Instead, you'll do a quick finalisation. Then your employees to let the ATO know you've finished paying your employees for the year. Your employees can access their payroll information through the ATO's online service, MyGov, which also simplifies their annual tax returns. HTML |
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Do I need to report via STP? If you pay employees, you 'll most likely need to report to the ATO via STP from 1 July 2019. But if you're not sure, check with the ATO, as some exemptions still apply. If you haven't been using STP up to 30 June 2019, you'll need to prepare payment summaries for your employees. But this will be a thing of the past once you set up STP. Setting up STPAccountRight guides you . See the ATO website about starting to report STP. STP Phase 1 and Phase 2The ATO first introduced STP in July 2018. In January 2022 they expanded STP to include some additional information in your STP reporting. They called this expansion STP Phase 2. Learn more on the ATO website. If you set up STP any time after mid-December 2021, you'll be set up for STP Phase 2. Otherwise you can easily move from STP Phase 1 to STP Phase 2. Setting up STPYou'll be guided through the setup process to make sure your payroll details meet the ATO's requirements. You'll then set up a connection to the ATO. For all the details, see Setting up Single Touch Payroll reporting. Also find out What happens after I've set up Single Touch Payroll? Learn more about STPLearn from an expert at an Single Touch Payroll training course, or complete an online e-learning course. Visit MYOB Academy to get started.Visit the ATO website for lots of great info for businesses about Single Touch Payroll. Or if your employees want to know more, the ATO has them covered too, see Single Touch Payroll for employees. |