Tag: Employers

  • Australian Taxation Office – Single Touch Payroll Reporting Requirements

    Australian Taxation Office – Single Touch Payroll Reporting Requirements

    Single Touch Payroll is the next step in streamlining your payroll reporting with the Australian Taxation Office.

    Single Touch Payroll (STP) represents a significant step forward in simplifying payroll reporting to the Australian Taxation Office (ATO). While there has been considerable discussion — and some concern — around STP, many businesses can comply simply by updating their existing payroll software or selecting a compliant solution.

    SapphireOne was the first ERP provider worldwide to achieve full STP accreditation on 1 May 2018, allowing our clients to benefit from compliant payroll reporting well ahead of the mandated deadlines.

    What Is Single Touch Payroll?

    Single Touch Payroll requires employers to report payroll information directly to the ATO after every pay run. This includes:

    • Wages and salaries
    • PAYG withholding
    • Superannuation liabilities

    STP became mandatory for:

    • Employers with 20 or more employees from 1 July 2018
    • Employers with 19 or fewer employees from 1 July 2019

    Under STP, employers no longer submit annual payment summaries. Instead, payroll information is sent to the ATO each pay run, and employees access their details directly through myGov.

    SapphireOne STP Integration in a Few Easy Steps

    SapphireOne has fully integrated Single Touch Payroll into its Payroll and Accounting modules, ensuring compliance with minimal effort.

    Step 1: Set Up Your Auskey in SapphireOne

    If you cannot locate your Auskey, contact the SapphireOne Support Team for assistance.

    If you have your Auskey, follow these steps:

    1. Open Utilities Mode
    2. From the top menu, select Controls > Company
    3. Click on your company in the Company Inquiry screen
    4. In Utilities Mode, select More Details
    5. In the SBR section (bottom-right):
      • Enter your Auskey file in Keystore File
      • Enter your Auskey password in Keystore Password
    6. Enter the required contact details
    7. Click Upload

    You are now ready to process Single Touch Payroll.

    Step 2: Submit Single Touch Payroll to the ATO

    1. Open Payroll Mode
    2. From the top toolbar, select History > Pay Run Log / STP
    3. Highlight the pay run you wish to submit
    4. Click STP Submit (bottom of the screen)
    5. Return to the Pay Run Log / STP screen
    6. Highlight the same pay run
    7. Click STP Get Result

    You will receive a confirmation alert once the report has been successfully submitted to the ATO.

    Compliant Payroll at Your Fingertips

    With SapphireOne, Single Touch Payroll compliance is built directly into your ERP system, ensuring accurate reporting, reduced administration, and peace of mind.

    For more information regarding improvements and features within the latest release of SapphireOne Business Accounting Payroll Software please contact our office on (02) 8362 4500 or request a demo.