Single Touch Payroll

Source: https://www.ato.gov.au/business/single-touch-payroll/

Single Touch Payroll (STP), is an Australian Government initiative to reduce employers’ reporting burdens to government agencies.

With STP, you report employees’ payroll information to us each time you pay them through STP-enabled software. Payroll information includes:

• salaries and wages
• pay as you go (PAYG) withholding
• superannuation.

Single Touch Payroll is compulsory for all employers from 1 July 2019.

Employers need to report to the ATO with Single Touch Payroll on pay day.