Single Touch Payroll has changed the way we report Employee Payments.
- All reporting for financial year ended 30 June 2019 will be done as it was in previous years.
- From 1 July 2019, these reports will be superseded by STP and lodgement is required more frequently:
- Individual non-business (INB)
- Business and personal services (BPS)
- Employment terminations (ETP)
- Foreign employment (FEI)
- Tax file number declarations (TFND)
- These reports remain reportable through portal:
- Taxable payments annual report (TPAR)
- Superannuation income stream payments (SIS)
- Superannuation lump sum payments (SLS)
All STP reporting will happen through our new cloud solution.
Frequency of STP reporting, and amount of data to be reported calls for PAYG Creator to have payroll functionality, and that’s what you’re going to get with our cloud solution.
Main changes that you can expect:
- full payroll experience, e-mailing payslips, calculation of taxes, monitoring data completeness, assistance with paying Superannuation
- separate business file for each Client – you can invite business owners to their files so they can log in and maintain their employee data
- with separate business files, instead of changing Payer, you will change business file
- each report will be paid separately
- further development to expand the functionality
You will still require desktop version of PAYG Creator for:
- Taxable payments annual report (TPAR)
- Superannuation income stream payments (SIS)
- Superannuation lump sum payments (SLS)
These items will be progressively moved across to the cloud platform as well, we will keep you posted on the progress.
So what happens now?
Please renew the license for PAYG Creator, as it is still in use. Here’s help on this topic.
With the most recent update, we have prepared an order form. You can choose which Clients you wish to move across and the system will:
- create a separate business file for each Client
- link that business file to your login account
- move all Employees of the Client to this file
- you (or the Owner) will need to update tax class (and superannuation details if required) to enable full experience