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Sybiz Visipay is getting ready for Single Touch Payroll

Sybiz Visipay is getting ready for Single Touch Payroll As the ATO receives criticism over its rollout of Single Touch Payroll and software vendors seek exemption from important milestones, Sybiz remains committed to meeting the 1 July 2018 implementation date.

There is still a lot of confusion amongst Australian businesses about what data must be submitted to the ATO as part of this initiative, while some are still unsure how their processes must change in order to be compliant.

Furthermore, some Australian payroll software vendors have been vocal about their unhappiness with the way Single Touch Payroll requirements are being communicated by the ATO.

The ATO will allow Australian businesses an initial grace period, when warnings will be issued for some matters of non-compliance, while STP is being introduced. Similarly, payroll software vendors are able to seek an exemption from implementing STP-compliant functionality.

Sybiz remains committed to ensuring our Sybiz Visipay payroll solution will be compliant by the 1 July 2018 introduction date. We currently have no intention of seeking an exemption from this implementation date.

In the meantime, businesses who are required to be STP compliant from 1 July 2018 - that is, all businesses with 20 or more employees as of 1 April 2018 - can prepare themselves for Single Touch Payroll. Download our STP preparation checklist to find out how you can get ready.

As more relevant information is made available by the ATO, we will do our best to keep our customers informed. Sybiz has already scheduled several live webinar sessions to answer your questions about STP and provide a more detailed update. You can also check our FAQ page for more information.

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