The ATO recently introduced new legislation to mandate Single Touch Payroll (STP) reporting for all business in Australia, after a successful rollout to businesses with over 20 employees. This change in legislation is expected to impact around 700,000 small businesses. What is Single Touch Payroll (STP)? STP reporting was brought into place to make interactions [...]
In recent years, Australian companies have seen major reporting reforms required by the Government. SuperStream came into effect in 2016, and this year Single Touch Payroll (STP) becomes mandatory for all businesses. If you’ve experienced these changes, you’ll notice how big of a role technology has played. This is how Government, and many businesses alike, [...]
If you’re about to start your STP compliance journey but aren’t too sure how to go about it, don’t worry. We’ve put together this guide on what you need to get STP ready. Technology Update your payroll software to the latest version You need to make sure that your payroll software is STP enabled. Work [...]
Whether you’re a business getting STP compliant early or one who’s starting the search after a deferral, here are five things to know. 1. How to count your employees for STP Counting employees is required to work out when you need to be compliant with STP. Businesses under 20 employees have until the 1st of [...]
If you are reading this article, chances are you are aware of the ATO’s Single Touch Payroll (STP) initiative that all Australian businesses will need to comply with from 1st July 2019. However, if you need a quick recap, check out our previous post here. We understand that looking for an STP provider at this [...]
Our Single Touch Payroll (STP) services (submit and update) have been certified (whitelisted) by the ATO for the latest version of STP (PAYEVNT.0003 2018). What does this mean? The ATO has whitelisted (certified) MessageXchange as a Sending Service Provider (SSP) in Production. This means we can transmit Single Touch Payroll files in Production from an [...]
From the 1st of July 2018, businesses with 20 employees or more will need to report payroll information to the ATO at the time their payroll is processed. Business that fail to comply may face penalties. What is Single Touch Payroll? Single Touch Payroll, or STP, is an initiative introduced by the Australian Government to [...]
