The thing to remember!
No matter which accounting package you use...
The first two steps will always be to:
1. Register the software with the ATO
2. Enable STP funtionallity in your software
Then you will have to:
3. Upload to ATO or direct connect with portal based on the accounting software used.
Are you STP Ready?
Single Touch Payroll (STP) is the new way to report wages, PAYG and super to the ATO.
Instead of waiting until the end of the financial year, employee payroll info is reported every time they get paid.
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Streamlined reporting
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Automatically send payroll info each pay run.
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Fast and accurate processing
No more manual data entry.
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Easier at tax time
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Save time and paperwork at the end of the financial year.
If your trades business employs contractors or staff, you will be required to comply with this new initiative by the ATO.
This change also means you will no longer be required to provide payment summaries to your employees for the payments you have already reported using STP.
STP for
Intuit QuickBooks Online
QuickBooks Online payroll, powered by KeyPay, comes with STP compliance built in. So whatever your business, you can pay your staff with ease and complete confidence that the latest tax and compliance requirements are being taken care of.
KeyPay works in the cloud so it can easily connect to other cloud-based apps and tools, like accounting or point of sale (POS) software. For example, KeyPay’s seamless integration with QuickBooks Online delivers a completely integrated payroll solution, meaning businesses can manage all their invoices, bills, receipts and payments in one place, and track and lodge their Goods and Services Tax (GST) and Business Activity Statement (BAS) with ease.
Designed to increase business efficiencies and reduce time spent on manual administration, QuickBooks Online integrated Payroll, powered by KeyPay, could be the solution you’re looking for.
