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Single Touch Payroll

The ATO now requires payroll to be electronically reported with each payrun.

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What is single touch payroll?

Single Touch Payroll (STP) is a new system for reporting payroll information to the Australian Taxation Office with each new pay run.

Information reported includes:

YTD Gross wages
PAYG
Super contributions
Contact details

STP reports can be seamlessly reported through SBR enabled accounting software such as Quickbooks and Xero.

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Why choose CTK Accounting when it comes to Single Touch Payroll

CTK Accounting ensures clients payroll software is correctly set up to retain and report relevant STP information to the ATO.

STP compliance is mandatory and critical for producing your employees income statements at year end which will allow them to lodge their tax returns.

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Related content

You've got questions and we've got answers, check out our articles on Single Touch Payroll

How to finalise payroll for 2023FY using STP

For employers with no closely held employees: The due date for end-of-year STP finalisation is 14 July 2023.

What is the $1,000 SafeWork NSW Rebate?

The Safework NSW rebate is a $1,000 rebate available to NSW businesses with under 50 employees.

What is the electric car fringe benefits tax exemption?

With the electric vehicle FBT exemption, if an employer offers an electric car worth $50,000 to their employee, they could save up to almost $10,000 a year in taxes.

"CTK Accounting has been instrumental in setting up my business structure and accounting systems for my franchise. Their ongoing support has been fantastic and has allowed me the time to grow my business."

William Koon

Franchise owner, Crust Pizza

"Christian’s services have been second to none! He has been a vital part of our new company being set up and has not let us down since. We would give him more stars in the review if we could! Thanks CTK Accounting for all your help!"

Ed Bennet

Director, A1 Metal Roofing Pty Ltd.

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