What is Single Touch Payroll

What is single touch payroll?

Single touch payroll (STP) is a new way of reporting employee tax and super information to the ATO. From 1 July 2018, employers with 20 or more employees will need to report through STP-enabled software. Employers with 19 or fewer employees can choose to report through STP-enabled software, but don't have to until 1 July 2019.

STP makes it easier for employers to meet their tax and super obligations because they report employee information to the ATO at the same time they pay their employees. This means that employees' tax and super are up to date, and there is no need for year-end adjustments.

STP also provides employees with greater visibility of their tax and super information, as they can see it in their myGov account.

If you're an employer, you need to use STP-enabled software to report to the ATO. You can find out more about STP-enabled software on the ATO website.