Single Touch Payroll is a change to the way employers
report employee tax and superannuation information to the
ATO
The deadline for small businesses to start using the ATO's
Single Touch Payroll (STP) was 30 September 2019. The new system
eases reporting requirements for employers to help ensure
compliance with wage and superannuation payments.
HOW WILL SINGLE TOUCH PAYROLL AFFECT EMPLOYERS?
All salaries, wages, PAYG withholding and superannuation
information must still be reported to the ATO; however, Single
Touch Payroll will ease the burden on employers by setting up
automatic reporting. In most cases (some exceptions apply),
employers using Single Touch Payroll will no longer need to provide
employee pay details for end of financial year payment summaries,
or provide annual payment summary reports to the ATO. Instead,
employee pay information will be sent to the ATO at every pay
cycle. The new system will not affect how employers pay their
employees; it
