Single Touch Payroll (STP) phase 1 has been in place since 2018 and phase 2 has arrived in 2022. All Australian employers must regularly submit payroll information through STP2 unless an exemption or deferral has been granted. Sybiz has been granted a deferral until 1 November 2022, this automatically extends to our customers using Sybiz Visipay for STP.
Our next STP2 webinar on 17 June 2022 will help customers get ready with Sybiz Visipay - register to attend this free session now!
For existing Sybiz customers to meet the requirements of Single Touch Payroll Phase 2 you will need to be on an STP2 compatible version of Sybiz Visipay (version 22.20 is due to be released in June 2022).
We've got STP2 covered
Reporting STP2 with Sybiz Visipay
Our existing Sybiz Visipay customers will ideally upgrade the latest version of Sybiz Visipay first - currently version 22.12. This will enable you to start getting your data set up for reporting on 1 November 2022.
When our STP2 version of Sybiz Visipay is released in June 2022, you will need to upgrade to this version prior to commencing STP2 in November.
Now you’re ready to report Single Touch Payroll Phase 2 with Sybiz Visipay!
As Single Touch Payroll processes are refined by the ATO, businesses will need to ensure they continue to stay up to date with future releases of 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.