Single Touch Payroll for Employers
Benefits of Single Touch Payroll for Employers
As an Employer you will be able to meet your reporting obligations to the ATO at the same time you pay your employees, instead of running a separate process.
Pre-filled Activity Statements
Payments such as salaries and wages and pay as you go (PAYG) withholding amounts reported through Single Touch Payroll will be pre-filled into your activity statement, so you can easily see what has been reported (W1 and W2 labels)
As an Employer you will still have the ability to adjust or correct information on your activity statement.
Large withholders will no longer have to report PAYG withholding through the activity statement.
Online Commencement Forms for New Employees
You may have the option to invite your employees to complete a tax file number declaration and superannuation standard choice forms online.
Online Employee Income Statements
When you report an employee’s payment and withholding details through Single Touch Payroll under most circumstances you will not have to provide that employee with a payment summary at the end of the financial year. The ATO will provide this payment and withholding information to employees through myGov.
Online view of Tax and Super Information
Employees can access their tax and super information through myGov as their employer transitions to Single Touch Payroll reporting. Over time, this will enable employees to more easily understand and manage their end of year tax position.
Get your Business ready for Single Touch Payroll
Single Touch Payroll reporting starts on 1 July 2018.
To find out when you need to report through Single Touch Payroll, you will need to do a headcount of the employees you have on 1 April 2018.
You will also be required to be using a payroll solution that supports Single Touch Payroll from the 1 July 2018. A payroll solution is the accounting, business management or payroll software you use to run your payroll and pay your employees.​
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When does Single Touch Payroll Reporting start?Single Touch Payroll reporting starts from 1 July 2018. You will need to report to the ATO through a payroll solution that supports Single Touch Payroll from 1 July 2018. A payroll solution is the accounting, business management or payroll software you use to run your payroll and pay your employees.
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Do I need to report using Single Touch Payroll?Use the STP Questioniare to help you.
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How many Employees do I need to have before I am required to start reporting?STP reporting started on 1 July 2018 for substantial Employers (those with 20 or more Employees). Legislation extending Single Touch Payroll has been passed and received Royal Assent (1 March 2019) to include Employers with 19 or fewer employees with reporting starting from 1 July 2019.
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What do I need to report using Single Touch Payroll?Each time you send the ATO your Single Touch Payroll (STP) report it will include minimum reporting requirements in order for you to meet your STP obligations. Read the SIngle Touch reporting guidelines here.