Single Touch Payroll

Single Touch Payroll (STP) is arguably the largest legislative change to payroll in over a decade.

STP Overview

 

STP introduces the requirement for what is effectively live payroll reporting to the Australian Taxation Office (ATO) with each payrun.

This effectively means that every single business in Australia now needs an electronic payroll solution to run their payroll and report to the ATO.  Yes there are some free reporting solutions out there,but each one of these requires you to manually enter your payroll information into a different system and as such are prone to errors.

For the Small to Medium Businesses we work with, we offer three separate platforms through our business to help you meet your accounting and compliance needs.

  1. Xero
  2. IPA Books+
  3. Quickbooks

 

Each of these platforms have advantages and disadvantages and a different cost structure.  If you would like to set up software to help run your business, please contact us and we will help you identify which platform is right for your needs.

Setting up Single Touch Payroll

If we are processing your payroll for you, then we will take care of the set up of STP for your business.  However, if you are processing payroll, you will need to set up STP yourself.

Below is links to guides we have developed to help you set up STP in your software platform.

XERO:

Please follow this link for a guide to setting up STP in XERO.

Guides for MYOB and IPA Books + will be uploaded before the 17th June 2019.