SINGLE TOUCH PAYROLL
Detax offers you maximum tax return on your claims in the most efficient and cost-effective manner. Our qualified tax consultants provide personalised service to our clients to give all information and guidance on making your claim.
What we do
Introduced in 2018 and now extended, Single Touch Payroll (STP) is an ATO compliance regulation that requires employers who manage small to large businesses, regardless of the number of employees, to send employee payroll information including salary, wages, PAYG withholding and superannuation to the ATO at the same time as their standard pay run. Through this employers can upgrade or replace their payroll system this financial year in order to meet their payroll reporting obligations.
The payroll should have the following information when submitted to ATO:
- Each employee’s name and tax file number (TFN)
- Gross amount paid
- Tax withheld on the gross
- Ordinary time earnings for the period, and
any superannuation guarantee obligations
The ATO will keep you informed about the correct amount of PAYG tax in definite time period and hence you will get reports regularly and you will be able to make payments at your convenience.
Detax guides you to manage STP without penalties in future and also offers cost effective solutions by providing full in house payroll service including payslips, super, PAYG and payment summaries.