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
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.
Do I need to do use STP reporting?
If you pay employees, you'll need to report to the ATO via STP. But if you're not sure, check with the ATO.