Single Touch Payroll will change the way you report your tax and super

What is Single Touch Payroll

Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It starts from 1 July 2019 for employers with 19 or less employees.

You’ll report the following information through an STP ready solution – such as payroll software:

  • payments to employees such as salaries and wages
  • pay as you go (PAYG) withholding
  • super information.

The way you pay your employees won’t change, however you will be sending us this information each time you pay them.

Start reporting any time from 1 July to 30 September 2019. If you can’t start reporting by this time, you’ll need to apply for a later start date. An online tool to help you do this will be available on the ATO website in April.

 

How to get started

  • If you already use payroll software – check to see if it offers STP reporting by talking to your software provider or viewing their website.
  • If you don’t use payroll software – you can choose an STP ready solution or talk to our office for advice on the best solution for your business.
  • If you use a registered tax or BAS agent – you can ask them to report through an STP ready payroll solution on your behalf.
  • If you have 1-4 employees – you can choose a low-cost STP solution. Find out more at ato.gov.au/STPsolutions.

Contact Us

Let us know how we can help you.

Business success program

from $249

  • Help you set business goals & developing and implementing strategies to achieve them
  • Prepare budgets and input into Xero so you can track how you’re going
  • Quarterly meetings to help reach your goals
  • Ongoing support and mentoring

Have any questions about us?

Contact us and we’ll be more than happy to help.

Xero bank reconciliations

from $199

  • Review and code your bank feed receipts and payments
  • Unlimited phone and email support
  • Reconcile balance sheet items
  • Advise on best practices and improvements

Have any questions about us?

Contact us and we’ll be more than happy to help.

New business starter pack

from $170

  • Initial consultation to discuss your needs
  • Provide a Statement of Advice on the recommended structure
  • Set up your business structure including all tax registrations
  • Assist with opening business bank accounts
  • Provide guidance and support on commencing and running your business
  • Set up your Xero file

Have any questions about us?

Contact us and we’ll be more than happy to help.

Xero setup and training

from $499

  • collate your business information
  • crosscheck it against the ABR & ATO
  • set up Xero
  • bring in any opening balances
  • set up your bank accounts
  • customise your invoice
  • activate the feeds and import missing transactions
  • provide you with training on Xero
  • advise on best practice and improvements

Have any questions about us?

Contact us and we’ll be more than happy to help.