Single Touch Payroll (STP): Simple Payroll Reporting for Businesses
Single Touch Payroll (STP) is a streamlined way for businesses in Australia to report employee payroll information directly to the Australian Tax Office (ATO). With STP, every time you pay your staff, details about their wages, tax, and superannuation contributions are automatically sent to the ATO, keeping your business compliant with regulations.
Why Switch to STP Payroll?
STP replaces traditional payroll reporting, making it much easier for businesses to stay on top of government requirements. End-of-year paperwork is reduced, and payroll records are kept up to date with every pay cycle. This helps ensure accuracy, saves time, and reduces stress for business owners and employees.
Key Benefits of Using STP Payroll
- Automated Compliance: No need to manually submit payroll reports - STP handles it all for you.
- Real-Time Reporting: Employee pay, tax, and super details are reported instantly with every pay run.
- Less Paperwork: End-of-year reporting and group certificates are simplified.
- Better Transparency: Employees can easily see their payroll details through myGov.
Who Needs STP Payroll?
STP is mandatory for most Australian businesses—no matter if you have one employee or hundreds. Setting up STP is a simple process, and many payroll software options include built-in STP features.
How We Can Help
We handle the setup and management of your Single Touch Payroll, ensuring accuracy and timely reporting. Our team provides support, answers your questions, and makes the transition smooth and hassle-free.
Services
ACE Tax Solutions offers expert accounting, taxation, and payroll services tailored for Australian businesses and individuals. Led by Makarand Bhide—CA, Registered Tax Agent, JP, with 25+ years of experience—we deliver compliance, accuracy, and strategic financial guidance. From bookkeeping to tax planning and STP payroll, we ensure your finances are in safe and experienced hands.
Frequently asked questions
STP is a digital reporting system that sends employee salary, tax, and superannuation information to the Australian Tax Office (ATO) each time you run your payroll.
Most Australian businesses with employees must use STP to report payroll information, with some exceptions for small employers with low digital capability.
You report payroll data to the ATO every time you pay your employees, making payroll reporting automatic and real-time.
Yes, you can update or replace previous STP reports if you find incorrect data, ensuring your payroll information stays accurate.
Yes, STP is for payroll reporting only; you still have to lodge your PAYG activity statement and pay any outstanding amounts separately.
Simplify your payroll process today
Book your free 60-minute consultation to get started with Single Touch Payroll (STP)