That’s right, Single Touch Payroll is now live and being used throughout Australia.
There’s not much chance that you’ve missed out on hearing about Single Touch Payroll or STP in the last couple of months, but if you have, boy have you dodged a bunch of news. Single Touch Payroll is now well and truly running along rather smoothly, despite a lot of people unaware of their obligations until the last minute. There are probably a few businesses out there who have managed to miss the memo and will need to catch up relatively quickly.
At Accentis, we have noticed a huge increase in businesses signing up within the last week of the financial year, and now that it has been and gone, what’s next?
There are 3 camps you can be in at the moment with STP:
- You’re a business and 20+ staff and you’re using STP without a hitch
- You’re a business with fewer than 20 staff, but elected to start using STP anyway, or
- You’re a business with fewer than 20 staff and are going to wait until July 1st 2019 to start using STP
If you’re in camps 1 and 2, you might have already posted some pay runs and sent some data along to the ATO, as required. How did everything go, no issues with a transfer or errors on the screen? In Accentis Enterprise, you can run an STP Dashboard report to make sure everything is going along perfectly well. There shouldn’t really be any errors and it would be great to see all reports sending without a hitch. Of course, if you have any issues, we’re just an email away!
If you’re a business that hasn’t yet had to use STP, remember that come July 1st 2019, every business in Australia regardless of the number of employees will need to use STP. You can’t dodge a bullet forever. Now is the perfect time to read about it, learn what’s required, and find out the answers to any questions you might have. We’re here to help you if you need it, and you can keep visiting our dedicated STP page to make sure you know everything you need.
Single Touch Payroll from our perspective has been a huge success, with only minimal frustrations that we have noticed. We created a video to show how to sign up and register with Ozedi, one of our Transport Providers, so if you were thinking of choosing them instead of MessageXchange, you can follow along really easily.
If you would like more information on STP or any other service that we provide, don’t be afraid to touch base so we can help you out as soon as possible.