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Single Touch Payroll starts 1 July

Single Touch Payroll will change the way you report your tax and super.

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.

Your STP ready solution will report the following:

-  payments to employees such as salaries and wages

-  pay as you go (PAYG) withholding

-  super information.

How you pay your employees through your accounting software will not change, but you will be sending the Tax Office this information each time you pay them.

You can start to report any time from 1 July 2019 to 30 September 2019 but if you can not start reporting by this time, you'll need to apply for a later start.  There is an online tool for this.

Get started with STP

If you are using a payroll software, check their website out for valuable information, for example to see if it offers STP.  You can also give them a call.

If you still need to select a payroll software that is STP ready you will need to talk to your Registered BAS Agent for advice.

If you already use a Registered BAS Agent, you can ask them to report through an STP ready payroll solution on your behalf.

If you have 1-4 employees, choose a low-cost STP solution.  Go to

MYOB and Xero Bookkeeper