Single Touch Payroll is coming and there is no avoiding it. If you have a small business and you still don’t know what this is please read below.
Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It starts from 1 July 2019 for employers with 19 or less employees.
You'll report the following information through an STP ready solution - such as payroll software:
payments to employees such as salaries and wagespay as you go (PAYG) withholdingsuper information.
The way you pay your employees won't change, however you will be sending us this information each time you pay them.
Start reporting any time from 1 July to 30 September 2019. If you can’t start reporting by this time, you'll need to apply for a later start date. An online tool to help you do this will be available on the ATO website in April.
Need help? Get in touch.