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A limited release of Single Touch Payroll started 1 July 2017.

Updated: Jan 27

A limited release of Single Touch Payroll (STP) begins 1 July 2017.

A limited release of Single Touch Payroll started on 1 July 2017 for a small number of employers. These employers can report payroll information through a Single Touch Payroll-enabled solution. Single Touch Payroll will operate with limited functionality for this select group.

We have provided an updated Single Touch Payroll enabled version of e-PayDay to a select number of Employers. Our first STP file has been successfully submitted and processed by the ATO on the 6 July 2017. The submission was also available on the ATO Business Portal. This is the first file to be reported to the ATO by any Digital Service Provider (DSP). We are proud to be part of this fundamental change in how payroll information is reported to the ATO. After 30 years of our involvement with payroll, the move to real-time reporting was way overdue and will result in enormous benefits for everyone involved, both employers and employees.

From October 2017 – additional functionality will be available. Once provided, employers can start reporting early using Single Touch Payroll.

On 1 April 2018 – the employees you have on this date will need to be included in your headcount to determine if you have 20 or more employees.

From 1 July 2018 – Single Touch Payroll reporting will be mandatory for employers with 20 or more employees.

Learn more about STP here.

 

We recommend reviewing our disclaimer concerning the content of this post to remain informed and make suitable decisions for your circumstances.



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