1. Attaché Software Australia
Helping medium businesses with Single Touch Payroll
Acacia
Brighter Business
Syntax
Attaché Software Australia
The government have their own Digital Transformation Agenda. They have their platform SBR –Standard Business Reporting and STP is utilizing this platform – reporting electronically. Moving away from paper.
STP is similar to sending your bank file to the bank to pay employees. It just becomes part of you payroll process.
The hard work is done behind the scenes by your Payroll Service Provider to ensure they will be complaint with the ATO.
So…..

2. What is Single Touch Payroll (STP)?
ATO initiative that changes the way businesses report on:
Salary or Wages,
PAYG withholding
Superannuation
Real time visibility over the accuracy and timeliness of organisations’ payroll processes.
Streamlining the process and reporting electronically from your payroll solution directly to the ATO each pay cycle
Every pay run

3. What is Single Touch Payroll (STP)
On April 1st 2018 employers are required to do a headcount of employees.
Employers with 20 or more employees are required to be STP compliant from 01 July 2018.
Employers with 19 and under are required to be compliant from 01 July (You can still opt in before)

4. How does Single Touch Payroll work
Explain each step
BAS Activity Statement in the ATO Portal is prefilled but we still have the capability to override if we want

5. How does Single Touch Payroll work
How does Single Touch Payroll effect:
Employer
PAYG withholding liability available via portals and more regularly
No EOFY Payment Summaries
Employee
Ability to see tax and super and EOY Payment Summary via myGov
Prefilled information on tax returns
Tax practitioner
PAYG Balances prefilled on BAS

6. STP Checklist Electronic / Download / Register for STP updates. Link

7. Attaché Online
Organisation
Cloud Connector
Attaché Payroll
(desktop)

8. What you can do now to ensure you are STP ready
Make sure you are ATO ready:
AUSkey
Access to ATO Business Portal
Access Business Portal
ATO Access Manager
Check your current processes
Discuss STP with you employees
Confirm as many details as possible – DOB/TFN
Introducing them to myGov
Make sure you register for more info via the Attaché website.

9. STP – Double Authentication