Direct Payroll Reporting

Single Touch Payroll (STP) will streamline business reporting obligations, and make it easy for employers and tax practitioners to report to the ATO.

Employers will report salary or wages, pay as you go (PAYG) withholding and super guarantee information to the ATO directly from their payroll solution, at the same time they pay their employees.

Superannuation Reporting

Information will be sent to the ATO when an employer pays an employee’s super guarantee contributions to their nominated fund(s).

NOTE: This is subject to change as the ATO have not finalised the requirements for the employer or super fund to submit this data.

Streamlined Reporting Obligations

Single Touch Payroll will align an employer’s reporting with their natural business cycle process for example, when they run their payroll.

Salary or wage information and PAYG withholding amounts reported through Single Touch Payroll will be pre-filled into the employer’s BAS.

Employers or their tax practitioner will still have the ability to adjust or correct information in their BAS.

Employee End of Year Pay Information

Employers who report an employee’s details through Single Touch Payroll will not have to provide that employee with a payment summary at the end of financial year. They also won’t be required to provide the ATO with a payment summary annual report for those employee’s details.

Employers will need to notify the ATO when the end of financial year data is considered final.

The ATO will make payment summary information available to employees and their tax agents through myGov and this will pre-fill the employees tax return. The ATO will provide assistance to those employees who have difficulty accessing information online.

Online Forms for New Employees

Employers will have the option to invite their employees to complete tax file number declaration and super standard choice forms online.

More Information Online for Employees

Employees will be able to see their tax and super information online through myGov as their employer transitions to reporting to the ATO through Single Touch Payroll.