Single Touch Payroll (STP) is a new way of reporting tax and super information to the ATO. Single Touch Payroll is a requirement for 19 or less employees from 01/07/2019. Some exemption available to closely held entities.
If you are using a solution that offers STP reporting, such as payroll or accounting software, you will send your employees’ tax and super information to ATO each time you run your payroll and pay your employees.
Small business and STP
- Large employers with 20 or more employees should now be reporting through STP or have applied to ATO for a later start date.
- Small employers with 19 or less employees will need to report through STP from 1 July 2019. If you’re an employer with four or less employees, you will have additional options.
We offer Payroll services to Small Business owners as little as $5/employee/Pay run. If your business is not STP compliant talk to us for obligation free meeting. S & H tax accountants Cranbourne and Tax accountant Chadstone offer payroll services to small businesses.