This information is for Australian employers that are not currently using Sybiz Visipay, for specific information for existing users click here.
Single Touch Payroll (STP) is here and all employers must submit information about every pay run through STP from 1 July 2019 unless an exemption or deferral has been granted. The next stage of STP (Phase 2) has been announced by the ATO and is mandated to come into effect on 1 January 2022.
STP compliance in Sybiz Visipay
Sybiz has always been committed to making sure our customers are ready for the latest in payroll compliance. Working closely with the Australian Tax Office, Australian Business Software Industry Association and our customers, we delivered STP compliance from the initial 1 July 2018 start date.
During the first two months of STP reporting our Sybiz Visipay customers enjoyed a 99.8% success rate with submissions - most likely the best in the market.
All Australian employers are required to report through Single Touch Payroll from 1 July 2019, unless a deferral has been granted. As many discovered, upgrading your solution as early as possible puts you in the best position to ready your business.
STP Phase 2 will be coming to Australia from 1 January 2022. There are a few things you can start thinking about now to get ready for Single Touch Payroll Phase 2. We've outlined a list of what will be changing in this next phase on our FAQs page and we'll be updating our customers with more information as it becomes available.
A whole of business solution
Sybiz Visipay offers growing, ambitious businesses more than Single Touch Payroll compliance. Sybiz Visipay takes the best of our experience developing business software for over 45 years to provide Australian businesses a comprehensive human capital management solution. Sybiz Visipay also contains a wide range of HR management tools to help you track and develop your growing workforce capacity - including leave management, staff development, human resource functionality and more.
Our payroll solution integrates with our powerful ERP solution, Sybiz Vision, creating a whole-of-business management solution. Empowering your business with critical functionality including multi-currency control, negative inventory lines, multi-location and stock tracking, Sybiz Vision is a versatile ERP solution that is equally at home on the desktop or in the cloud.
Ready to talk about getting an STP solution?