Let us manage your STP Compliance
Single Touch Payroll is an Australian Tax Office reporting change for employers that started on 1 July 2018.
From 1 July 2018 employers with 20 or more employees must report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information each time they pay their employees.
Parliament has recently passed legislation to extend STP reporting to all employers from 1 July 2019.
We Make STP Simple
Employees are paid according to their usual pay cycle. PAYG deductions and superannuation payments are calculated.
Once the payrun has been signed off and paid to the employees a one click process updates the STP information in our payroll software. Clients can access this information at any time via their secure Self Service Portal.
Payroll information is sent securely to the Australian Taxation Office. BAS and PAYG forms are prefilled automatically and in real time.
- Employees can access their own payroll information online at the myGov portal.
Get Free STP Lodgement with any Liquid HR Payroll Plan.
myGov Portal: https://my.gov.au/
Currently employers pay super and PAYG monthly or quarterly with the super funds reporting the contribution data to the ATO annually and PAYG being reported via the BAS or Income Activity Statement.
STP requires super and PAYG to be reported when each pay run has been processed. This will enable the ATO to monitor payments and step up compliance.
The collection of superannuation contribution data through STP will also enable the ATO to display this information on the employee’s myGov account, providing Australians with easier access to information about their superannuation via the same government platform that houses much of their taxation, medical and other records.
Yes, our payroll software is fully compliant and we have offered secure and reliable STP processing from 1 July 2018. We have CPA qualified and registered BAS Agent staff supervising all ATO lodgement activity.
Yes, however PAYG information will be prefilled on the BAS return based on data sent to the ATO via STP.
For employers who are using STP there will no longer be a requirement to produce Annual Payment Summaries for employees. The ATO will use information gathered during the STP process and employees can access their pay and tax information via the myGov portal.
The STP data that is sent to the ATO after each payroll is based on year to date payroll information. If there is an adjustment in the payroll due to an error or back pay for example this will be reflected in the latest STP report and will over write the previous lodgement.
Yes, it will still be possible to make adjustments to your BAS return to ensure that STP and BAS return information is matching and correct.