AccountRight Plus and Premier, Australia only AccountRight Plus and Premier, Australia onlyYou must be reporting to the ATO via STP Phase 2 If you haven't already, you need to move to STP Phase 2 to stay compliant with the ATO. But we have you covered – see how easy it is to move. |
Single Touch Payroll (STP) is an ATO initiative to streamline payroll reporting. You’ll be able to report payroll and super information directly to the ATO when you process a pay run in AccountRight (from either online or desktop company files). As a result of this change, you'll no longer need to complete payment summaries at the end of the financial year as your employees' payroll information will be available to them through myGov. MYOB AccountRight will be ready to go prior to the first reporting date and will include tools to help make this transition as smooth as possible. 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 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. At the end of the financial year you'll do a quick finalisation 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 |
---|
<iframe width="560" height="315" src="https://fast.wistia.com/embed/medias/sxkw32jgny" frameborder="0" allowfullscreen></iframe> |
Want to learn more about Single Touch Payroll?Here's some great resources: If you want to understand the finer details and how it relates to your MYOB software, we recommend attending one of our Single Touch Payroll training courses. Image Removed Things to do nowDo a headcount of your employees 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? |