Single Touch Payroll - checklist

There are a few things you can do now to help ensure you are ready for Single Touch Payroll (STP) on 1 July 2018.

  1. Conduct an employee (headcount) audit of your employees as at 1 April 2018, to determine if you have 20 or more employees. For definitions of ‘employee’, please click  here 
  2. If you had 20 or more employees on 1 April 2018, check with your accounting software provider if their product is STP ready. We have provided additional articles to assist you with this.
  3. If your software will not be STP enabled by 1 July 2018, talk to your provider to find out when their payroll solution will be STP compliant.
  4. If your software provider is not enabling STP in your current payroll solution, Deloitte Private can assist with converting to an STP enabled solution before 1 July.
  5. If relevant, provide authorisation to your Deloitte Private Engagement manager/Payroll agent to report each pay day to the ATO through your accounting software.
  6. Review your current payroll processes.
  7. Start developing a transition/implementaton strategy.

Want more help to assist your business with the transition to this new reporting requirement?

Click here to download a more detailed checklist provided by the ATO.  Additionally, we’ve sourced another checklist from Reckon which provides additional items which may help you to be STP ready by to 1 July 2018. 

If you need assistance, please contact your Deloitte Private Engagement Manager.

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