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 from AccountRight to the ATO at the same time you process a pay run.Sit back and watch this quick overview: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 |
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A couple of great resources to help you learn more about Single Touch Payroll are: UI Text Box |
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| STP Category You’ll notice a new field called STP Category in some of your payroll categories. This will be used for Single Touch Payroll reports, which some employers may need to start lodging from 1 July 2018. Although you can choose an STP Category now, it's not mandatory yet. We're just getting things ready. Watch this space... The ATO guidelines for these are not available yet – but check back soon! |
Things to do nowThere are no tasks for you to complete in AccountRight yet. In our next update (AccountRight 2018.1 available in late March) we’ll prompt you to start reviewing your employee and payroll information to make sure it meets the needs of STP reporting. Next stepsOn 1 April 2018 you’ll need to do a headcount of your employees. This is a headcount – not the full time equivalent (FTE) number. Do you have 20 or more employees? |