Get Ready for Single Touch Payroll


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    STP 1 – What is Single Touch Payroll

    This unit provides an overview of the Single touch Payroll system and how it will affect small and micro business owners, what you need to know and when it begins.

    It applies to small and micro business owners who employ staff.

    Topics covered in this unit include:

    What is Single Touch Payroll
    When to implement Single Touch Payroll
    What are the reporting requirements.

    STP2 – Getting Ready for Single touch Payroll

    This unit explains the procedures and processes for getting ready for Single Touch Payroll for small and micro business.

    It applies to small and micro business that are yet to implement the single touch payroll system and to develop the procedures to manage compliance.

    Topics covered in this unit include:

    Determine how you will report through STP
    Informing staff of the new procedures
    Who will authorise the STP report for each pay cycle
    Who will send the STP report                                                                                                                                                           Checking STP report data

    STP3 – Reporting for Single Touch Payroll

    This unit provides guidance on the reporting requirements for Single Touch Payroll.

    It applies to small and micro businesses that employ staff.

    Topics covered in this unit include:

    What must be reported
    Correcting data
    Finalising the report                                                                                                                                                                      Remitting PAYG Withholding Tax

    STP4 – End of Year Procedures

    This unit provides an overview of the endo f year reporting procedures for Single Touch Payroll for small and micro business.

    It applies to small and micro business owners who employ staff and have not yet completed end of year procedures..

    Topics covered in this unit include:

    End of Year Procedures
    Making amendments
    What employees receive