What is onetouch payroll?
Single Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to government agencies. With STP, you report employees' payroll information to us each time you pay them through STP-enabled software.
Is PayRoller still free?
Is it free? The PayRoller mobile app as well as timesheets, rosters, leave management, and the employee app are completely free.
How do I process single touch payroll in reckon?
To get your product set-up for STP you need to:
- Install the latest Reckon Accounts. (upgrade here if you haven't already).
- Review the GovConnect help guide for instructions on how to log into portal.reckon.com and set-up GovConnect STP for your product.
- Enable STP functionality in Reckon Accounts – see help site.
How do I report STP to ATO?
Tax professionals Press right to open.
...
How to report
- Option one: Report through existing payroll or accounting solution.
- Option two: Choose STP-enabled payroll software.
- Option three: Choose a no-cost or low-cost solution (for employers with 1–4 employees)
- Option four: Ask a third party to report for you.
How do I set up STP?
Section 1: Configuration Settings
- Step 1: Enable STP. ...
- Step 2: Complete/Update your ATO Supplier settings. ...
- Step 3: Enable the requirement for Two-Factor Authentication upon lodging a pay event. ...
- Step 4: Ensure the payment summary classification setting against each pay category is correct.
Is single touch payroll compulsory ATO?
STP started on 1 July 2018 for employers with 20 or more employees and 1 July 2019 for employers with 19 or fewer employees and is a mandatory obligation.
Who is exempt from single touch payroll?
Employers with a withholding payer number (WPN) are exempt from STP reporting for all financial years from 2018–19 to 2022–23. You will need to start reporting these payments through STP from 1 July 2023. If you decide to make use of this exemption, you don't need to apply to us or advise us.