STP is new way of reporting tax and super information to the ATO. Businesses with 20 or more employees already report this way but, on 1 July 2019, it was expanded to include employers with 19 or fewer employees. The information is sent to the ATO either directly from your payroll software, or via a third party provider.
Earlier, it was confirmed by the Australian Taxation Office (ATO) that from 1 July 2021, all small employers will have to register for Single Touch Payroll (STP). This published document consists of all the critical information related to single touch payroll for employees.
In this blog, we have clubbed together all the necessary guidelines related to ATO single touch payroll reporting for 2021 - exemption details, benefits, reporting options, software solutions, and more.
Here's a detailed guide to Single Touch Payroll reporting - exemptions, reporting requirements, options, and more.