Yes – you’ll still need to submit a BAS, but the W1 and W2 values will be pre-filled
Will I be able to adjust the pre-filled values on my BAS?
Yes
Will I still need to submit an annual payment summary report?
If you use Single Touch Payroll reporting, you may not need to submit a payment summary report.
Will I still need to generate payment summaries for my employees?
If you use STP reporting, you may not need to submit a payment summary report. The ATO will make that information available to employees through myGov.
Can I make PAYG or super payments through Single Touch Payroll?
No, Single Touch Payroll is a reporting solution only. You will still need to make PAYG and super payments separately. If you use KeyPay, PAYG can be processed through an ABA file and super payments can be automated with ClickSuper.
Can I use single touch payroll even if I’m not required to?
Yes – if you’re an employer that has 19 employees or under and you want to use Single Touch Payroll, then you should be able to do so.
Can a bureau or payroll provider or registered BAS agent submit Single Touch Payroll data on behalf of a client?
Yes, bureau payroll providers and BAS agents will be able to lodge STP data on behalf of clients
Binh Nham
Will I still need to submit a BAS?
Will I be able to adjust the pre-filled values on my BAS?
Will I still need to submit an annual payment summary report?
Will I still need to generate payment summaries for my employees?
Can I make PAYG or super payments through Single Touch Payroll?
Can I use single touch payroll even if I’m not required to?
Can a bureau or payroll provider or registered BAS agent submit Single Touch Payroll data on behalf of a client?
Where can I get more information on STP?
If you have any questions, please comment below or email us enquiries@ttran.com.au
Hope that helps.
Teresa Tran & Associates.