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.
STP compliance in Sybiz Visipay
STP is an important change that has impacted every payroll software solution in Australia and 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.
Some payroll software vendors were not ready in time and were granted deferrals from the ATO to bring STP functionality to their products at a later date - meaning users may still be waiting to begin submitting STP reports. Some products have also been discontinued, forcing change on their users.
Smaller employers - those with 19 or fewer employees - are required to report through Single Touch Payroll from 1 July 2019. But as substantial employers discovered, upgrading your solution as early as possible puts you in the best position to ready your business - especially if your employee numbers change in the coming months.
A whole of business solution
Sybiz Visipay offers growing, ambitious businesses more than a Single Touch Payroll compliant payroll solution. Sybiz Visipay takes the best of our experience developing business software for over 40 years to provide Australian businesses a comprehensive human capital management solution. Sybiz Visipay incorporates 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 much more.
Our payroll solution also integrates with our comprehensive 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 - the choice is yours.
What can you do to ensure your business is prepared?
Access helpful Single Touch Payroll resources now, including information on how you can get ready with Sybiz Visipay.