What is Single Touch Payroll (STP)?
Single Touch Payroll (STP) is the compulsory way to report payroll information to the Australian Taxation Office (ATO).
But don’t stress. It's easy and saves you a lot of time. And MYOB is here to guide you every step of the way so you can get started on the right foot.
Need support? We've got your back
Whether you'd like someone to talk you through the set-up process, or how to use STP for the first time, we've got lots of information on Single Touch Payroll and our team is ready to chat. We also have plenty of free resources to share, including MYOB Expert Training.
Call us for help on 1800 290 837 or request a call back and we can call you.
Single Touch Payroll FAQs
STP is a government initiative that requires all employers to report payroll information to the Australian Taxation Office (ATO). It involves electronically reporting your employees’ payroll information to the ATO each payroll cycle, whether you pay weekly, fortnightly or monthly. STP became mandatory on 1 July 2019.
MYOB offers ATO compliant payroll solutions from just $5 per month.
Single Touch Payroll (STP) uses internet cloud accounting software to submit information to the tax office online. Employers can automate and streamline their processes and keep their accounting data accurate and up-to-date. Having better and timely information at their disposal enables them to make better-informed business decisions as well as sharing essential payroll information with the ATO more easily.
- One-click compliance
- No more EOFY summaries
- Error-free payroll
- Employee access to payslips
Single Touch Payroll (STP) means businesses don’t need to complete payment summaries and group certificates at the end of financial year. STP software automatically sends your employees’ tax and superannuation information to the ATO.
STP helps employees, too. They no longer have to wait until EOFY to see their tax information. Their details - salary, PAYG withholding and super— is readily available via their myGov account.
Single Touch Payroll (STP) began from 1 July 2018 for employers with 20 or more employees and from 1 July 2019 for Australian businesses of all sizes. MYOB makes this easy with simple, affordable STP payroll software. If your business isn’t using an MYOB STP ready product yet, explore our products to start using STP today.
If you’ve already subscribed to a MYOB product that includes payroll, you can start using the Single Touch Payroll (STP) feature now. All you need to do is pay your employees as usual (weekly, fortnightly or monthly) and give them a payslip. Your STP-enabled payroll software sends a report directly to the ATO. Or, if you use an accountant or bookkeeper to process payroll, they can set this up for you. Have a chat with them to ensure you comply.
To find out more about STP, you can check the ATO's website.
Latest articles to help you with Single Touch Payroll
Unlocking JobKeeper payments via STP
Single Touch Payroll, or STP, is an important element of receiving JobKeeper stimulus payments. Here’s what you need to know.
5 things to discuss with staff about STP
For those offering payroll services, rolling out a seamless transition to single touch payroll (STP) means discussing these important points with staff early on.
5 things to discuss with clients regarding STP
Single Touch Payroll (STP) is here, but that doesn’t mean everyone in business has a firm understanding of the concept, or its ramifications for their business. In this piece, Amanda Gascoigne covers the key things every advisor should discuss with their clients regarding STP.