Single Touch Payroll (STP)

• Single Touch Payroll is the new compulsory real time reporting system for your employees’ wages and salaries, commencing 01 July 2019.
• Under the STP system your payroll process is required to be electronically sent to the ATO, whether it is completed weekly, fortnightly or monthly.
• Employers with less than 4 employees will have lodgement concessions available.
• We are happy to assist with this new process so please contact your DFKBKM representative to discuss STP on 9804 0411.

The new Single Touch Payroll (STP) system is the new compulsory real time reporting system for your employee’s wages and salaries to the  ATO.

Your bookkeeping software will have the ability to run the STP and ensure the transition is as smooth as possible for employers.

If you are not currently using an accounting software for your payroll  – the ATO will make some low cost options available.

Below are some links to help step you through the process for both MYOB and Xero.

Here at DFKBKM are happy to assist with this new process so please contact your representative to discuss STP further on 9804 0411.