About STP

Single Touch Payroll requires employers to streamline their payroll reporting. Employers will need to digitally report payroll information at every pay run. This includes reporting PAYG and superannuation amounts for each employee. This information will be sent to the ATO via the internet, using payroll software.

From 1 July 2019 all employers must report their payroll to the Australian Taxation Office. This will be each time they run their payroll and pay their employees.

Information will be sent directly by accounting software that offers STP reporting or through a third party.

Employers will need to use a cloud (web based) solution that connects directly with the ATO for STP reporting. Subsequently, the ATO have listed some low cost and free options for cloud based solutions here.

How we can help your business

Prime Business Solutions have an action plan ready for your business that includes recommendations for compliant Single Touch Payroll
cloud solutions. In addition, we can set your business up with STP software and connect it to the ATO for reporting.

We’re ready for Single Touch Payroll and to help your business prepare for it too. If you’d like to find out more, please call or send us an email because we will make sure you know your obligations. Furthermore, we can set up your STP software and connect it to the ATO. Maybe you’ve been thinking about moving from desktop or paper accounting to cloud accounting because you need access to your accounts anywhere, anytime. Now is the time for the move.

To clarify, you have until 1 July 2019 to get compliant for Single Touch Payroll.

Single Touch Payroll is a requirement for all employers. Parliament has passed the legislation.

From 1 July 2019 all employers must report their payroll to the Australian Taxation Office each time they run their payroll and pay their employees. Finally, information will be sent directly by accounting software that offers STP reporting or through a third party.

Small Businesses

Micro Businesses (businesses with 1-4 employees) will be able to have their registered tax or BAS Agent report their payroll to the ATO quarterly rather than at each pay run. However, this concession is only offered for the first two years after STP commences.

Contact Prime Business Solutions (registered BAS Agent) to find out how we can help you meet your payroll obligations.