Single Touch Payroll

From 1 July 2019 the Australian Tax office (ATO) requires employers to report any salaries and wages paid, plus PAYG withholding and superannuation information, on a regular basis throughout the year; under a reporting regime called Single Touch Payroll (STP).

Prior to 1 July 2019 only large employers with 20 or more employees were required to reporting through STP, while small employers with 19 or less employees were only required to report employee wage and superannuation to the ATO) on an annual basis at the end of the financial year.

A-Plus Bookkeeping can assist you in setting-up and your ongoing STP reporting requirements.

What is STP

STP works by sending tax and super information from your STP-enabled payroll or accounting software to the ATO as you run your payroll.

We will:

  • run your payroll
  • pay your employees as normal
  • give them a payslip.

Pay cycle can be weekly, fortnightly or monthly.

STP-enabled payroll software will send ATO a report which includes the information, such as:

  • salaries and wages
  • pay as you go (PAYG) withholding
  • super liability information.

Super funds will also be reporting to ATO. They’ll let ATO know when you make the super payment to your employees’ chosen or default fund. This is an important step toward making sure employees are paid their correct entitlements. ATO systems will match the STP information to our employer and employee records.

 

A-Plus Bookkeeping can assist with setting up for STP reporting to the ATO, or alternatively, assisting with your STP obligations as a registered BAS Agent.