What is Single Touch Payroll?

Single Touch Payroll (STP) is a payroll reporting system introduced by the Australian government to streamline and simplify the way employers report their employees’ tax and superannuation information to the Australian Taxation Office (ATO).

Under STP, employers are required to report payroll information to the ATO each time they pay their employees, including salaries and wages, superannuation contributions, and PAYG withholding. This information is sent electronically through an STP-enabled software or service, such as SmartPayroll Australia.

 Download Our Free Guide

 

Download Our Single Touch Payroll Guide

How does it work?

  • When you complete your payroll process, your employee’s PAYG withholding and super guarantee information will be sent to the ATO at the same time, saving the time and hassle of having to submit the exact same information for both pay and reporting.
  • When you pay your employees’ super guarantee contributions to the funds, the exact same details will be sent to the ATO for your super reporting requirements.
  • The entire pay and reporting process will be completed within your payroll software solution, saving you the hassle of working across multiple platforms.

 

Why SmartPayroll for Single Touch Payroll?

SmartPayroll is leading the way in the switch to Single Touch Payroll and is fully compliant with the ATO’s STP Phase 2. These benefits are available to you now with our software.

Our local, industry leading customer support team are able to answer any of your questions and help your business make the switch.

Simply call 1800 50 30 10 to speak to a Payroll Angel today.

Download our FREE Single Touch Payroll Guide for everything you need to know about implementing Single Touch Payroll in your business