Sybiz has been granted a deferral to the official start date of the Single Touch Payroll phase 2
(STP2) for its payroll software Sybiz Visipay. Current users of Sybiz Visipay will be exempt from reporting STP2 until 1 July 2022, instead of the mandated 1 January 2022.
Although the ATO recently announced that a blanket deferral will apply to all Australian businesses eligible to report STP2 until 1 March 2022 – meaning that anyone that reports STP2 before this date will be seen to have met their obligations on time, Sybiz had already applied for an official deferral until 1 July 2022.
In addition to making the changeover at a more sensible time the deferral allows our development team and our users more time to prepare for, and appropriately understand the requirements of STP2, especially given the current lockdown uncertainty and the subsequent impact on businesses.
The important thing for our Sybiz Visipay customers to keep in mind is that there is nothing you need to do, and this deferral will automatically apply to Sybiz Visipay users. The only reason you will need to apply for a separate employer deferral is if you believe you will be unable to meet your STP2 obligations from 1 July 2022.
The deferral applies to our customers up until the last payday of the 2021/22 financial year, meaning that Sybiz Visipay users must comply with STP2 reporting obligations from the first payday on or after 1 July 2022.
Sybiz Software will be releasing updates and information in the new year to Sybiz Visipay to accommodate STP2 functionality and work has already begun behind the scenes to achieve this to a high standard, as was done with the first rollout of STP back in 2018.
Our customers will be receiving regular communications about updates to Sybiz Visipay for STP2 as well as Sybiz’s deferral reference number for the ATO if required. In the meantime, we recommend staying on the latest version of Sybiz products to ensure you are compliant and receiving the best benefits from your solution.