Single Touch Payroll is a significant payroll reporting change for employers. It starts from 1 July 2018 for employers with 20 or more employees. Parliament has passed legislation (The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018, yet to receive Royal Assent) to extend STP reporting to all employers, including those with 19 or fewer employees) from 1 July 2019.
This change affects both MYOB Exo Employer Services Payroll and MYOB Advanced People customers. Enprise will communicate regularly with customers to make sure you have all the information you need to be STP compliant. We'll regularly update this page with useful information and resources, so we encourage you to bookmark it and visit regularly.
Below is a tabbed list of key dates and actions you need to be aware of. Click on the '+' to the right of each entry for more information.
Single Touch Payroll will be expanded to include employers with 19 or fewer employees from 1 July 2019. Parliament has passed the legislation to extend STP reporting to all employers from 1 July 2019. The Treasury Laws Amendment (2018 Measures No. 4) Bill 2018 is yet to receive Royal Assent.
Originally, from 1 July 2018, all Australian companies with 20 or more employees were to be compliant with Single Touch Payroll. However, MYOB was made aware that many customers had been overwhelmed with meeting their EOFY obligations and simultaneously implementing STP. To help alleviate this pressure, MYOB applied to the ATO for an STP deferral for Exo Employer Services. Customers now have until 30 September 2018, if needed, to start reporting via Single Touch Payroll. You can read more here
From 1 July 2018, all Australian companies with 20 or more employees will need to be compliant with Single Touch Payroll.
Make sure you’ve applied for your AUSkey (AUSkey is a secure login that identifies you when you use participating government online services on behalf of a business. See more information here). This will allow you to register your MYOB software ID with ATO online, which is a requirement when setting up STP.
For Exo Payroll users, once you've upgraded to the Exo Employer Services 2017.06 compliance release, Exo Payroll will support STP reporting, once the system has been set up to use it.
Employers need to do a headcount of all the employees they have on their payroll on 1 April 2018.
MYOB is working to build STP functionality into its payroll products. The release schedule for Single Touch Payroll is set for mid/late April 2018.
ATO. Visit the ATO website for more information and to download this useful checklist to make sure you’re ready for the STP changes.
With the compliance release of Exo Employer Services 2017.06 now available, Exo Payroll will support STP reporting, once the system has been set up to use it.
Whitepaper. Download this MYOB whitepaper for a comprehensive overview of Single Touch Payroll, how to set it up, how to submit data, and answers to some of the most frequently asked questions.
Video. Your can also watch this video:
Whilst many organisations are viewing STP as a compliance issue only, it does bring with it many opportunities to streamline your reporting processes, including easing the end of financial year time crunch and quarterly filing. Single Touch Payroll involves not only changes to software but changes to your way of working. The processes you follow for each pay cycle will change to meet this new reporting standard.
'Substantial employers' with 20 or more employees have been required to report through Single Touch Payroll since 1 July 2018.
For Employers with 19 or fewer employees, Single Touch Payroll reporting will be optional until 1 July 2019, when it will become mandatory. You can find more information about STP for your business on the ATO STP page below.
Enprise is here to help you prepare for the change and ensure you are compliant.
Employees in organisations with more than 20 employees will be able to see up-to-date tax and super information in ATO Online Services via their myGov account after 1 July 2018. By reporting this information to the ATO via Single Touch Payroll at the same time as their employees are paid, employers will not have to provide employees with PAYG payment summaries as the information will be available via myGov.
Enprise will communicate directly with our Exo Payroll and Advanced People customers when more information becomes available. If you have any questions, please don’t hesitate to get in touch with your Account Manager, or the Enprise Support Team.
Call us: 1800 436774, or email us.
You can also find comprehensive information about Single Touch Payroll on the ATO website.