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. 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 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). | UI Text Box |
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