Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
HTML Wrap
classsection group
You don’t need to use STP reporting now, it's only optional. But all employers may need to start reporting using

use STP reporting?

If you pay employees, you'll most likely need to report to the ATO via STP from 1 July 2019

, subject to new legislation being passed.You can implement Single Touch Payroll by 1 July 2018 by upgrading to the new AccountRight

. 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 AccountRight 2019 (an AccountRight subscription entitles you to an upgrade). Once you've upgraded

, take a glimpse at how the new AccountRight will help you

you can set up Single Touch Payroll reporting.

Can

HTML Wrap
classcol span_3_of_5

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. Learn more about what MYOB are doing at myob.com/stp

What do

Do I need to do

?

You need to do a headcount of your employees as 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?

NoYes
Anchor
defer
defer
What if I can't upgrade just yet?

The following features aren't available yet in the new AccountRight, so if you use any of these in AccountRight v19 you might not be able to upgrade just yet:

  • M-Powered Payments
  • multi-currency
  • negative inventory
  • multi-location stock tracking

Deferral

  • – we're building a replacement for this feature that works in the new AccountRight. If you can't upgrade because
of any of the above
  • you currently use M-Powered Payments in AccountRight v19, we've worked with the ATO and you have been granted a deferral from STP reporting until 31
/5/2019.

Deferral numbers were communicated by email. Keep the number handy in case the ATO get in touch with you about your STP deferral. However, you’re not required to proactively contact the ATO. If you need any assistance in finding the deferral number, please contact MYOB support via LiveChat or by calling 1300 555 123.

  • December 2019. Learn more about this deferral
  • negative inventory – not currently supported in AccountRight 2019. If you need to keep using negative inventory, call us to discuss your options on 1300 793 130 (Australia), or 0800 60 69 62 (New Zealand).
UI Text Box
sizemedium
typenote

Do you use an ODBC add-on? Check here or with your add-on provider to make sure the add-on is compatible with the new AccountRight.

HTML Wrap
width15%
classcol span_1_of_5
 
HTML Wrap
floatleft
classcol span_1_of_5
Panelbox
namegreen
titleRelated topics
HTML Wrap
classsidebarlinks

Paying your employeesv19 M-Powered Payments users can delay using STP until 31 December 2019