Aqua Bookkeeping

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Introducing Single Touch Payroll

8 March 2019

Single Touch Payroll (STP) extends to small employers with 19 or less employees from 1 July 2019. This means you report your employees' tax and superannuation information to us each time you pay them.

There is a three-month transition period so you can start reporting any time from 1 July – 30 September. Talk to your accountant, software provider or tax adviser early and explore your options.

We recently hosted a webcast to assist with your transition to STP, which covered:

  • what to do if you already use payroll software
  • what to do if you don’t use payroll software
  • simple, low cost solutions for micro employers (1–4 employees)
  • quarterly reporting concession for micro employers (1–4 employees)
  • requesting more time to get ready.