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Single Touch Payroll (STP) is here. It is the way all employers need to report their employee’s salary and wages, tax withheld and super liability to the Australian Taxation Office (ATO) each time a payment is made. Over 540,000 employers are already reporting through STP each payday.

If you’re new to business or a first time employer, you will need to report through STP from your first payday. If you’re an employer and haven’t moved to STP, time is running out.

Watch the case study about Kristy Withers, Owner of Incy Interiors transition to Single Touch Payroll.

How do I make the move?

To make the move to STP, you can:

  1. Start reporting now – The ATO has a list of STP-enabled products available online. For small employers with 4 or fewer employees they may be able to use a low cost STP solution.
  2. Ask for a concession – depending on your circumstances you may be eligible for a reporting concession. You or your agent may be able to apply for these concessions online (through the business portal) or over the phone. Learn more about the concessions available.
  3. If neither of the above are suitable options for you and your business, you may be able to postpone your STP start date. Find out more about STP deferrals.

No matter what option you choose, you or your agent will need to report through an STP-enabled product.

Want more?

For more information about Single Touch Payroll.