AccountRight Plus, Premier and Enterprise, Australia only
What is Single Touch Payroll?
Single Touch Payroll (STP) is an ATO requirement which will change changes the way you report payroll payments, including:
- salaries and wages
- pay as you go (PAYG) withholding
- superannuation information
It’ll simplify your ATO reporting because you’ll be able to do it directly from your payroll software at the same time as you pay your employees. This means you’ll be able to meet your ATO reporting obligations at the same time you pay your employees, instead of running a separate process. It will also make EOFY a breeze because you’ve already reported your payroll activity throughout the payroll year.
Learn more about the requirements of Single Touch Payroll on the ATO website:
Streamlined reporting with Single Touch Payroll
Your obligations under Single Touch Payroll
Single Touch Payroll for employersSingle Touch Payroll for employees What do
. Learn more about STP and your MYOB software at myob.com/stp
Do I need to do ?
On 1 April 2018 count your employees. This is based on a headcount – not the full time equivalent (FTE).
If you have 19 or fewer employees, you can choose to report through Single Touch Payroll.
If you have 20 or more employees, you’ll need to implement Single Touch Payroll by 1 July 2018.
We recommend upgrading to the new AccountRight for Single Touch Payroll enabled software. If it's not possible for you to upgrade, don't worry we have you covered.
If you're unable to upgrade we have worked with the ATO and you will be granted a deferral from STP reporting until 31/5/2019. More details about this will be provided soon.
For the latest info on Single Touch Payroll, check our website ( myob.com/STP ).
use STP reporting?
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.
How do I use STP reporting?
AccountRight v19 is not compatible with Single Touch Payroll reporting. To report your payroll activity via STP, you need to upgrade to the new AccountRight (an AccountRight subscription entitles you to an upgrade). Once you've upgraded you can set up Single Touch Payroll reporting.
If you can't report STP you'll need to contact the ATO about a deferral or exemption.