Single Touch Payroll STP
Single Touch Payroll (STP) is ready for your Small to Medium business now!
Accentis Single Touch Payroll
STP software is a requirement of the Australian Tax Office (ATO) for all Australian businesses. It enables direct and frequent reporting of payroll requirements electronically to the ATO.
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 has been phased into businesses over a two-step multi-year staging process. For more information, make a selection from the menu.
What is Single Touch Payroll (STP)?
From 1 July 2018, the Australian 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.
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.
STP will allow the government to offer better employment services, and to trace accountability for businesses who are doing the wrong thing for their employees. This can include but is not limited to underpaying workers, not paying Superannuation and going bankrupt leaving employees without payment.
AUSKEY Requirements for STP
If you are worried about your AUSKEY requirements now that Single Touch Payroll has been introduced, you can relax.
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.
Accentis Enterprise is not a Transport Provider and does not submit Single Touch Payroll details direct to the ATO. We integrate with multiple Transport Providers who specialise in this area of reporting who are responsible for the secure handling of data being sent to the ATO.
More information on how an AUSKEY can work with STP is available here.
STP 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. Choose one of the two 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 STP 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 use an exported file from Accentis to send through another provider manually, please contact us to find out more!
STP Information for Employees
Are You Ready For STP?
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 ATO so you won’t have the same degree of flexibility to double-check before sending it off! Errors and delays can result from incorrect or out of date information. Ensure all employee information (full names, birth dates and TFNs) are recorded accurately in your payroll data.
Accentis is ready
Our STP compliant version of Accentis Enterprise has been available since June 2018. Accentis will provide instructions on how to use STP free of charge as part of your upgrade program. Customers not to be part of the Accentis upgrade program should contact us about an upgrade.