Single Touch Payroll is here!
What is STP? – How does STP Work?
Single Touch Payroll is all about reporting your wages, payg withholding and superannuation to the ATO on a regular basis whenever you run your payruns. You run your payroll as usual, then hit the file button to send the information off to the ATO. You just have to be using software that supports this process.
If you are currently using some old or manual system of recording your pays like a wages book or excel spreadsheet, then you will need to move over to a more current type of accounting software to be compliant. We recommend setting up Xero accounting software for your business, not only to make STP simple but also because it is a great system for everyday use. It makes keeping your books an easy process but only if it is set up correctly from the start and you receive some proper training from an experienced user.
Xero Payroll Setup and Xero Payroll Training
Check out our Xero Payroll and STP Single Touch Payroll Training page for more information.
Contact us now to assist you with the setup process.