Treasury has released draft legislation that would expand Single Touch Payroll to allow employers to report child support information. Single Touch Payroll (STP) is the system for employers to electronically report payroll and superannuation information to the ATO. Treasury says the STP platform was set up so it could be… Read More »Single Touch Payroll to be expanded to report child support information
What is Single Touch Payroll (STP)?
Single Touch Payroll (STP) is a Government initiative for employee Superannuation Guarantee and PAYG Withholding amounts to be automatically reported to the ATO during the payroll process.
Large employers (20 or more employees) had to use Single Touch Payroll from 1 July 2018.
Small employers (19 or fewer employees) may have to use it from 1 July 2019, depending on the passage of legislation.
The ATO has warned small employers they have less than two weeks to be using Single Touch Payroll (STP), with the end of a transition period. Single Touch Payroll became mandatory for small employers – those with 19 or fewer employees – on 1 July 2019, though the ATO gave… Read More »Small employers have less than 2 weeks to be using STP
The ATO plans to use the data it is gathering through Single Touch Payroll to crack down on the non-payment of Super Guarantee. As a result of the introduction of Single Touch Payroll, the ATO now has much more – and more timely – data about the transactions of employers,… Read More »ATO crack down on super non-payment driven by “unprecedented” data
Single Touch Payroll (STP) started applying to small businesses on 1 July 2019. Though the ATO is being accommodative during the transition, with extra time allowed to get ready. STP is the new system for reporting payroll information – salary and wages, PAYG withholding, and superannuation – to the ATO.… Read More »Small businesses need to act on STP before 30 September: ATO
It is less than a month before small businesses have to start using STP, but a survey finds 20% of them don’t think they have to use the new system. 20% of small businesses owners incorrectly think Single Touch Payroll (STP) doesn’t apply to them, with less than a month… Read More »20% of small businesses think STP doesn’t apply to them
Accounting software company Reckon has released a free Single Touch Payroll (STP) mobile app for small businesses. Single Touch Payroll is a new system for employers to report tax and superannuation information to the ATO. From 1 July 2019 small businesses (19 or fewer employees) will need to report using… Read More »Reckon releases free Single Touch Payroll mobile app
Xero has launched a payroll-only solution for smaller employers ahead of their Single Touch Payroll start date. Single Touch Payroll (STP) involves employers reporting information – including salary and wages, PAYG Withholding and superannuation – to the ATO each pay cycle. Large employers are already using STP; small employers (19… Read More »Xero launches Payroll Only plan for Single Touch Payroll
Legislation to extend Single Touch Payroll (STP) to smaller employers, from 1 July 2019, has passed the Parliament. Single Touch Payroll is a new system for employers to report payroll and superannuation information. Previously only larger employers (20 or more employees) had to use STP, from 1 July 2018. But… Read More »STP extended to small employers from 1 July 2019
MYOB says it has low-cost Single Touch Payroll (STP) solution ready, should legislation which would extend STP to smaller employers pass the Parliament. Legislation which would require small employers (19 or fewer employees) to use STP almost passed the Parliament last year, and could pass as soon as this week.… Read More »MYOB ready with low-cost STP solution should legislation pass
The ATO expects there to be a range of low-cost Single Touch Payroll (STP) reporting software available for small businesses from early 2019.
Single Touch Payroll reporting is only required currently for larger employers (20 or more employees). The Government wants to extend it to small employers (19 or fewer employees), though the legislation to do this has yet to pass the Parliament.Read More »ATO expects range of low-cost STP software available early 2019