6 June 2018
Single Touch Payroll (STP) is a reporting change for employers to streamline payroll reporting to the ATO. As an employer, you will be required to report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information to the ATO through STP enabled software. You will report to the ATO each time you pay your employees. This change aligns ATO reporting to your pay cycle. Your pay cycle does not need to change and you can continue to pay your employees as you currently do such as weekly, fortnightly or monthly.
STP will come into effect from 1 July 2018 for employers with 20 or more employees and is intended to be expanded to include all employers from 1 July 2019, subject to legislation being passed in parliament.