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Intuit
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Single Touch Payroll FAQs

Want to learn more about Single Touch Payroll? We've put together a comprehensive FAQ of questions asked by users like you.

Single Touch Payroll (also known as STP) is a government initiative to streamline your business reporting obligations regarding payroll. Put simply, STP requires employers (or their registered agent) to report payments such as salaries, wages, PAYG withholding, and superannuation information directly to the ATO from their payroll system. This must be reported after every pay run has been finalised by no later than the employee's payment date.

Yes, electronic Lodgement will need to be set up prior to enabling STP, you can use the following guide for instructions on this: How do I enable Single Touch Payroll?

 

There is no extra cost for STP, it’s included as part of your monthly subscription.  

If you decide to start reporting STP before July first you should first create what is known an as Update Event. An Update event will report the YTD earnings for any employees you’ve paid throughout the financial year  you can use the following guide for instructions on this: Creating and Lodging an Update Event

 

If the employee has been terminated within a pay run and there will be no further payments for that employee in the financial year, tick the Is Final checkbox for the employee/s in the Update Event screen. This will indicate to the ATO that no further payments for this employee will be made you can use the following guide for instructions on this: Creating and Lodging an Update Event

 

If an employee has terminated employment and a termination pay has been processed, the Is Final checkbox should be ticked automatically. If the employee has not been terminated within a pay run and there will be no further payments for that employee in the financial year, you can tick the Is Final checkbox. This will indicate to the ATO that no further payments for this employee will be made.
The Is Final checkbox is used to indicate to the ATO that no further payments for this employee will be made during the current Financial Year e.g. The employee has left the business or during the process of submitting the final pay event for the year.   

The ATO has provided the following guidance on this: “You will no longer have to give your employees a payment summary for the information you've reported and finalised through STP. Once you finalise your data, your employees or their registered agent will be able to lodge their income tax return using the STP information available in ATO online.”  

This also applies terminated employees.   For more information visit the ATO website: https://www.ato.gov.au/Business/Single-Touch-Payroll/About-Single-Touch-Payroll/

 

If your employee (or leaver) uses an accountant or tax agent, they will be able to access the income statement, if they do not use either they can contact the ATO who can provide an Income Statement to the employee. https://www.ato.gov.au/About-ATO/Contact-us/Phone-us/

The ATO’s guidance on this is: “If you make mistakes in your STP report, you can correct it in your following report. We won't penalise you for making mistakes you correct.”  

Yes, The STP report must be sent after every pay run has been finalised by no later than the employee's payment date.  

Currently, STP does not change the way Super, the process of how you are paying your employees super remains the same, for information about how to set up super stream in QuickBooks Payroll powered by Keypay check out the following article: Superstream compliance just got easier with keypay 

During the setup process for automated pay runs, there is an option to  Lodge Pay Run immediately, the pay event will be created automatically. The selected user(s) will be notified via email that the pay run is finalised and will then need to log in and lodge the pay event with the ATO.  For information on setting up automated pay runs in QuickBooks Payroll powered by Keypay check out the following article: Setting up automated pay runs 

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