Single Touch Payroll
What is Single Touch Payroll?
Single Touch Payroll is an ATO compliance regulation that requires employers to report payroll activity including salary, wages, PAYG withholding and superannuation to the Australian Tax Office (ATO). STP reporting began on 1 July 2019 for all employers. Sign up for our STP ready plans with no lock-in contracts to ensure that your business stays compliant with the latest payroll reporting standards.
Q6 Payroll with STP plan
With our Basic Payroll only plans now you can easily process and accurately record your payroll with just $7 per month. The Basic plan allows you to add up to 5 payroll employees, unlimited internal user +Accountant login and get access to full Payroll functionality.
Start reporting payroll information to the ATO with Q6 Single Touch Payroll solution each pay run.
Single Touch Payroll Phase 2
In the 2019-20 Budget, the Federal Government announced an expansion to the Single Touch Payroll.
The expansion of STP Phase 2, helps obtain more detailed information and streamline employer interactions. Once the roll-out is completed, this will reduce the need for employers to report information about employees to multiple government agencies.
This will also aid the administration of Services Australia. For more information head to www.ato.gov.au
The STP Phase 2 is now available and ready to go in Q6 cloud accounting.
What’s not changing?
• The way you lodge STP
• The STP due date
• The types of payments that are needed
• Your current tax and superannuation obligations
• end-of-year finalisation requirements.