Accentis Single Touch Payroll (STP)
Single Touch Payroll (STP) software is now a requirement of the Australian Tax Office (ATO) for the purpose of reporting and is a requirement for any business with 20 or more employees.
Accentis Enterprise is fully compliant to handle STP obligations by the ATO since July 1st, 2018 as part of our Payroll module.
Single Touch Payroll is ready for your business right now!
What is Single Touch Payroll (STP)?
By now, you will have seen the flurry of activity from the ATO regarding Single Touch Payroll (STP), or One Touch Payroll. This is an initiative by the ATO which, in simple terms, means that any time you process employee-related pay data, the ATO needs to be notified electronically at the time the payment is made.
From 1 July 2018, the Federal Government required any business with 20 or more employees to use STP. Businesses with fewer than 20 employees are required to make the transition from 1 July 2019, but may choose to ‘opt in’ at an earlier date if they wish.
AUSKEY Requirements for STP
Worried about your AUSKEY requirements?
Worry no more. With STP, the Transport Providers are responsible for submitting the AUSKEY and will do so automatically on your behalf.
Only entities that connect directly with the ATO need to have an AUSKEY, so your nominated transport provider will use one of their own.
More information on how an AUSKEY can work with STP is available right here.
Accentis is ready
Our STP-compliant version of Accentis Enterprise is now available. As with all new changes, Accentis will provide instructions on how to use STP free of charge as part of your upgrade program. Customers who have elected not to be part of the Accentis upgrade program should contact us about an upgrade. If you need payroll compliant software, Accentis Enterprise Payroll can be configured to run stand-alone for your business.
How does it all work?
Accentis Enterprise will produce the necessary data for STP, but customers using STP are required to sign up to an ATO-compliant message transport provider that will securely transport the STP data to the ATO. You can find their details located on this page and we recommend you contact them to start the process now. Our user guide has been fully updated and you are able to read all the available instructions here.
Are you ready for it?
One of the biggest issues you will face is to ensure that your data is clean and accurate. Data will be sent electronically to the tax office so you won’t have the same degree of flexibility to give that piece of paper one more eyeball before sending it off! Errors and delays can result from incorrect or out of date information, so ensure all employee information such as full names, birth dates and TFNs are recorded accurately in your payroll data.
Questions or concerns?
This has been a big change for many business operations, and we’re here to help! Don’t feel like you are getting left behind and don’t wait until it’s too late to find out everything you need to know, and what your obligations are.
If you have any questions you’d like to ask or are concerned about what this change means to you, please contact our support team who will happily talk you through it.
Stand Alone Payroll is Available for Single Touch Payroll
Single Touch Payroll Transport Providers
Accentis Enterprise does not transfer Single Touch Payroll data direct to the ATO. We integrate with STP-compliant Transport Providers Ozedi and MessageXchange who will send the data securely to the ATO. Choose one of the two STP transport providers that Accentis integrates with and contact them to organise an account.
You must select one of the following Transport Providers to send your Single Touch Payroll data to the ATO. Transport Providers will charge you based on the amount of data that is sent through their system. Accentis Enterprise does not charge you to connect to a Transport Provider.
If you prefer to go it alone and want to use an exported file from Accentis to send through another provider manually, please contact us to find out more!
Latest Single Touch Payroll News…
Small Business Single Touch Payroll 2019 In the 2018/2019 financial year, every small business will need to be using Single Touch Payroll, or STP as it is also known. If you’re not sure what STP is, we recommend you read some previous articles we wrote about it here....read more
***UPDATE*** Single Touch Payroll is now live for almost a month now … how have you gone? It is important to remember, that all businesses will need to use STP as of July 2019, so don’t think just because you don’t need to use it now, you won’t have to think about...read more
When businesses need to pay their staff, they need a decent payroll system to be able to do that. Leading up to the start of July this year, the ATO has made the change to Single Touch Payroll obligations for all businesses with 20 or more employees. But even if you...read more
***UPDATE*** This update is our last minute reminder to inform you as best we can about Single Touch Payroll (STP) and its implications and use within your business. Don’t panic if this is all new to you, we have everything you need to know detailed below, and you can...read more