Partner Zone

single touch payroll

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
endtop
Experienced User
22 Posts
Experienced User
Experienced User

22Posts

3Kudos

0Solutions

Solved: Go to Solution

single touch payroll

Hi, I have a quick questions Regarding Single touch payroll. i was a little confuse about how stp works!

 

After setting up STP phase 2 do we need to lodge our PAYG in MYGOV or we don't? or setting STP means loding your PAYG

 

thanks in advance

1 REPLY 1
Yanike_S
MYOB Moderator
2,585 Posts
MYOB Moderator
MYOB Moderator

2,585Posts

155Kudos

379Solutions

Accepted Solution Solved

Re: single touch payroll

Hi @endtop 

 

Thanks for your post. Single Touch Payroll (STP) Phase 2 is an expansion of the ATO's payroll reporting system, and it started on 1 January 2022. Under this expansion, you'll report additional information to the ATO and clarify the payments you make to your employees. It means that your employees income, tax and super will be reported to the ATO in real time. If you use STP the ATO gets all the current information when you process payroll and your employee can view their salary, tax and super in their MyGov account.

 

Read more about STP here: What is Single Touch Payroll

Read more about STP 2 here: Getting ready for STP Phase 2

Kind regards,
Yanike

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post