What is Single Touch Payroll?
It is a simpler way to report payroll and super information to the Australian Tax Office (ATO).
You will need to start reporting payments directly from your payroll solution every payday. The ATO will collect staff information such as:
Employees’ salaries and wages
Employees’ allowances and deductions
Other payments such as pay as you go (PAYG) withholding and superannuation information
If your business has 20 or more employees as of 1 April 2018, you are considered a “substantial employer” and will be required to use STP beginning 1 July 2018. If you have 19 employees or less, compliance will start on 1 July 2019.
Make the transition easier with Tanda
Avoid mishaps with the transition to STP as you prepare your payroll information. Tanda helps take out the grunt work from filing employee information and timesheets, as well as computing for awards when doing payroll.
Tanda makes sure that your staff information and their work hours are accurate. Reduce admin work and process error-free pay runs through our integration with many payroll softwares.
After syncing employee data from Tanda, your payroll software calculates how much they need to be paid based on accurate records of their attendance.
Your payroll software sends reports of processed pay runs to the ATO.
To know more about STP, visit the Australian Taxation Office website here
Let Tanda help you stay compliant with some of our most useful products for this upcoming transition:
Paperless
employee onboarding
Keep an accurate record of your employees’ data including names, addresses, and date-of-birth.
START PAPERLESS ONBOARDINGUp-to-date
Award Interpretation
Stay worry-free with our automated earnings rate calculation for modern awards.
AUTOMATE MY PAY RATESIntegration with STP-ready
payroll providers
Maximise Tanda’s seamless synchronisation with the payroll software you’re using.
FIND MY PAYROLL SOFTWAREReady to Get Started?