Once you've connected to the ATO, you're all set up for Single Touch Payroll reporting. You won't notice anything new while entering your pays, but after you record a pay you'll now be prompted to send the payroll information to the ATO.
This is easily done – if prompted, sign in to your MYOB account, enter the name of the authorised sender and click Send.
You can check the status of your submissions by going to the Payroll command centre and choosing Payroll Reporting > Payroll Reporting Centre. If a payment is rejected, find out out to fix rejected reports in Single Touch Payroll.
Say goodbye to payment summaries
From the 2018/19 payroll year onwards, you won't need to prepare or send payment summaries.
Instead, you'll finalise your STP reporting, which is a simple process.
When you finalise, the status of the employee's income statement in myGov will change to Tax ready. This means they'll be able to pre-fill and lodge their tax return. Check with the ATO on the due date for making this finalisation declaration.
What about employees I've paid prior to setting up Single Touch Payroll?
When you process a pay after setting up Single Touch Payroll, the year-to-date totals for the employees you're paying are sent to the ATO.
If there are employees you've paid in the current payroll year who you're unlikely to pay again, you can send their year-to-date totals to the ATO by recording a $0 (zero dollar) pay for employee. Remove all hours, amounts and entitlements from the pay. When the $0 pay is recorded, you'll be prompted to declare and send the details to the ATO.