If you are a small employer with 19 or less employees; Single Touch Payroll (STP) is a new way of reporting information to the ATO. Please contact Arora Accounting Services your local North Lakes Accounting practice. We can assist you with new STP reporting requirements applicable 1 July 2019 for small employers.

Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO.

If you are using a solution that offers STP reporting, such as payroll or accounting software, you will send your employees’ tax and super information to ATO each time you run your payroll and pay your employees.

The information is sent to ATO either directly from your software, or through a third party – such as a sending service provider.

If you have a software provider, they can tell you more about the type of STP solution they offer. For a list of available STP solutions visit the STP product register.

There will also be a number of options available for employers who do not use payroll software, such as No-cost and low-cost Single Touch Payroll solutions.

Options will depend on your number of employees:

  • Large employers with 20 or more employees should now be reporting through STP, or have applied to ATO for a later start date.
  • Small employers with 19 or less employees will need to report through STP from 1 July 2019. This is a gradual transition, and ATO is providing flexible options.
    • If you’re an employer with four or less employees you will have additional options.

Next step:

Credit: https://www.ato.gov.au/Business/Single-Touch-Payroll/

Image Credit: Australian Taxation Office

For More information contact us today at Arora Accounting Services your local Accounting Services in North Lakes.

Call: 0426 199 277