Single Touch Payroll (STP)
The new standard in payroll reporting to the ATO
Single Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to government agencies.
What Is Single Touch Pay
With STP, you report employees' payroll information to the ATO each time you pay them through STP-enabled software. Payroll information includes:
- salaries and wages
- pay as you go (PAYG) withholding
- superannuation.
STP started on 1 July 2018 for employers with 20 or more employees and 1 July 2019 for employers with 19 or fewer employees and is a mandatory obligation.
If you haven't started reporting through STP, you need to start reporting as soon as possible as penalties may apply.
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