AccountRight Plus, Premier and Enterprise, Australia only What is Single Touch Payroll?Single Touch Payroll (STP) is an ATO requirement which 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 STP and your MYOB software at myob.com/stp Do I need to do 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 2019 (an AccountRight subscription entitles you to an upgrade). Once you've upgraded you can set up Single Touch Payroll reporting. | Anchor |
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