Single Touch Payroll (STP) phase 1 has been in place since 2018 and phase 2 is coming in 2022. All Australian employers must regularly submit payroll information through STP unless an exemption or deferral has been granted.
Whichever stage of the STP journey you’re on, you’ll find information and answers from Sybiz.
To meet the requirements of Single Touch Payroll you will need to Sign up for the Sybiz Employer Portal and upgrade to the latest version of Sybiz Visipay.
Equip your business with an intuitive STP solution
Reporting STP with Sybiz Visipay
Getting started with STP is easy!
First, check you are on the latest version of Sybiz Visipay. As Single Touch Payroll processes are refined by the ATO, businesses will need to ensure they are up to date as well.
Next, sign up for the Sybiz Employer Portal. This is an important step which connects your business to the ATO in order to report Single Touch Payroll information.
Now you’re ready to report Single Touch Payroll with Sybiz Visipay!
How might you be impacted by STP2?
Transitioning to the next phase of Single Touch Payroll (STP2) in 2022 may impact more than just your regular payroll duties. For example:
- How will STP2 affect your current reporting procedures?
- How will STP2 change your employee onboarding process?
- What penalties can occur from not meeting Single Touch Payroll phase 2 compliance?
- Is your payroll data STP2 ready?
- Are your employees aware of the impact, such as no more payment summaries?
Our Single Touch Payroll FAQs are a great place to start understanding how Australian businesses could be affected by the pending rollout of phase 2 of the STP program.
Not using Sybiz Visipay?
Sybiz Visipay is a powerful, scalable payroll solution that is already helping thousands of Australians navigate the challenges of Single Touch Payroll. Integrated with the Sybiz Employer Portal, users can view, manage and edit their STP reports to ensure success every pay run.
Sybiz Visipay even takes the confusion out of finalising employees at the end of financial year with streamlined processes aimed at getting tax information into employee hands as soon as possible.
Not using Sybiz Visipay? Speak to our knowledgeable team today.