REMINDER: 30 September deadline for Single Touch Payroll reporting

Don't forget - if you employ 19 or less employees, you have until 30 Sept 2019 to start reporting their salary/wages, tax and super info through Single Touch Payroll (STP).

STP reporting is currently available through most payroll, accounting and business management software.

A number of no-cost and low-cost Single Touch Payroll solutions (less than $10 per month) are available for micro employers (those with four or less employees).

Some providers have asked the ATO for a later start date (a deferral) for their employer clients to report through STP. If you're not sure whether your software has a deferral, check with your provider.

How STP works STP works by sending tax and super information from your payroll or accounting software to the ATO as you run your payroll.

When you start reporting:

  • You will run your payroll, pay your employees as normal, and give them a payslip.

  • Your pay cycle does not need to change (you can continue to pay your employees weekly, fortnightly or monthly).

  • Your STP-enabled payroll software will send the ATO a report which includes the information it needs from you, such as salaries and wages, pay as you go (PAYG) withholding and super information.

See the Employer Reporting Guidelines for a full list of payments that must be reported through STP.

Need more time to get ready? Apply for an ATO deferral here.

#Tax #ATO #SmallBusiness

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