Single Touch Payroll
Single Touch Payroll (STP) is a way of sending tax and super information to the ATO from your payroll or accounting software. It allows you to upload payments to employees such as salaries and wages, PAYG withholding, and super information. Employers with 20 or more employees STP reporting started from July 1st 2018 for substantial employers (with 20+ employees).
If you had 20+ employees on April 1st 2018, you will need to report through STP from July 1st 2018 even if your employee numbers have changed since then.
* If you are part of a company group, you must include the total number of employees employed by all member companies of the wholly-owned group. If you have not started reporting through STP and need more time, you can apply for a deferral. Miranda Accounting Services can apply for this on your behalf. Employers with 19 or less employees Legislation to extend STP to include employers with 19 or less employees is currently before parliament. Different STP reporting options will be available by 1 July 2019 to help smaller employers.
It is important for you to touch base with your accountant to speak about your options. Please do not hesitate to contact us.
Ato.gov.au. (2019). Single Touch Payroll. [online] Available at: https://www.ato.gov.au/Business/Single-Touch-Payroll/
Ato.gov.au. (2019). Get ready for Single Touch Payroll. [online] Available at: https://www.ato.gov.au/Business/Single-Touch-Payroll/Get-ready-for-Single-Touch-Payroll/
Please do not rely on this information as advice, you should contact us to assess your individual circumstances and how this applies to you.
MIRANDA ACCOUNTING SERVICES 8/263 – 271 Wells Road, Chelsea Heights Vic 3196 PO Box 476, Patterson Lakes VIC 3197 Tel 03 9773 3647 www.mirandas.com.au