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Single Touch Payroll – A New Way to Report

written by:
Josh McMullen


In the biggest change to employer payroll reporting since the introduction of Activity Statements, all employers will very soon be required to comply with the new Single Touch Payroll (STP) regime. STP is a new Government initiative aimed at streamlining employer payroll reporting obligations. The STP regime revolutionises the way employers report payroll information to the ATO. In essence, STP is a new reporting mechanism whereby each time an employer…

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Get Ready for Single Touch Payroll

written by:
Darren Hagarty


Single Touch Payroll (STP) starts from 1 July 2018 for employers with 20 or more employees and will be expanded to include employers with 19 or less employees from 1 July 2019. STP is a reporting change for employers. Essentially, STP requires that each time an employer pays their employees, they will have to instantly report to the Tax Office information such as the salaries and wages, pay as you go (PAYG) withholding and superannuation. The information will need to be…

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