Single Touch Payroll (STP) is a new initiative for reporting your employees' tax and super information to the ATO. It is required for all businesses to begin using STP from the 1st of July, 2019.
STP is built into the latest version of Lightning Payroll and only requires a valid ATO Machine Credential installed on your computer to use.
STP allows you to report the rolling year-to-date (YTD) figures for each employee at the end of every pay period. It doesn't change how you pay your employees or how you make their superannuation contributions. STP is a reporting tool only.
For more information, you can visit the ATO's STP page here.
Created: 2019-05-19 23:29:07
Last Edited: 2021-10-08 10:13:33
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