What is Single Touch Payroll (STP)?
How QuickBooks can help with STP compliance?
When does Single Touch Payroll start?
Single Touch Payroll is here now. If you manage payroll for your business or a client, you will need to comply before your next pay run.
Once you're set up, every pay run you report will comply with the ATO legislation. If you think you have missed the STP compliance cut-off, talk to your accountant or bookkeeper about Single Touch Payroll.
When is the Single Touch Payroll
According to the ATO, small employers with 19 or less employees have until 30 September 2019 to report their employees’ payroll information through Single Touch Payroll.
Micro employers with less than 4 employees can report through their registered tax or BAS agent on a quarterly basis.
Large employers with 20 or more employees should be reporting through Single Touch Payroll already.
How do I get ready for Single Touch Payroll?
If you're a QuickBooks user, you're in good hands. Our integrated payroll solution has been ATO compliant and Single Touch Payroll ready for some time.
How to switch on STP in QuickBooks
- Sign in to your QuickBooks account
- Select Employees and sign up to KeyPay (our integrated payroll partner)
- Select Payroll settings then Electronic lodgment and STP
- Select Enable Single Touch Payroll
For a more detailed look at how to set up STP, click here.
Hear how QuickBooks is helping our customers with
Single Touch Payroll compliance
Ana Saad Co-Founder - J&JJ Landscaping
Maria Cavallaro, Founder - Tradie Troopers