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You 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 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.
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Do I need to report via STP?
If you pay employees, you need to report to the ATO via STP. See the ATO website about starting to report STP.
STP Phase 1 and Phase 2
The 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 STP
You'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 STP
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.