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 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.