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Preparing for Single Touch Payroll

Preparing for Single Touch Payroll Single Touch Payroll isn’t just a major shakeup for Australian businesses - STP compliance is a significant undertaking for payroll software vendors.

You may have heard that some are even leaving the market due to the requirements of Single Touch Payroll.
Sybiz is committed to ensuring your business is always compliant with the latest legislative changes. Sybiz will be releasing an update for our Visipay payroll solution and will be ready by the first 1 July 2018 deadline.

The release of Sybiz Visipay 17.00 was the first step in preparing our customers for compliance. In the coming months, we will be releasing further updates that will continue to lay the groundwork for managing Single Touch Payroll.

The lead up to 1 July 2018 will be an opportunity for all Australian businesses to review their payroll processes and data integrity.

For example, businesses with irregular or ad hoc payroll processes will find Single Touch Payroll more complicated than those with very structured payroll processes. Businesses with incomplete or improperly formatted payroll data will also face complications when they begin processing through Single Touch Payroll.

Sybiz will be holding a number of webinar sessions in the lead up to 1 July 2018 in order to help our customers and other businesses understand the requirements for this important change in payroll legislation.

If you are not receiving our monthly customer newsletter, register your details now to stay up to date with our Single Touch Payroll information.

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