Single Touch Payroll resources to get you started
From checklists to brochures, we’ve gathered all the resources you need to help get your clients Single Touch Payroll compliant with Xero.
The ATO's JobKeeper payment through Single Touch Payroll
The JobKeeper payments program legislated by the Australian government will financially support small businesses in Australia affected by the economic impact caused by the Coronavirus. The payment is open to eligible employers to enable them to pay their eligible employee’s salary or wages of at least $1,500 per fortnight.
Xero Payroll is JobKeeper ready and we've added new features to make it easier for you and your clients to enrol in JobKeeper and process April payments by 30 April. This will ensure you're reimbursed in early May.
Register for one of our weekly webinars to learn how Xero can help you calculate changes in turnover and what government assistance is available for your clientsRegister now
Read our Xero Central article to learn how you and your clients can complete the enrolment for JobKeeper payments in Xero and submit it to the Australian Tax Office.Learn more
Applications for JobKeeper are open and Xero Payroll has got your back. We've released enhancements that make processing federal subsidiary payments simple.Read blog
More payroll resources for you and your clients
Here are some additonal articles, they’re quick to read and full of useful tips and advice on the benefits of online payroll software.
Single Touch Payroll (STP) reporting is a new way of reporting tax and superannuation information to the ATO. Xero is STP ready and available for anyone who wants to report salaries and wages, PAYG withholding and superannuation directly to the ATO with confidence and security.
Single Touch Payroll applies to all small businesses in Australia. Xero is Single Touch Payroll ready so you can start reporting at any time.
You simply need to make the adjustment in an unscheduled pay run > file this pay run using STP > complete the finalisation process for that employee again. Full steps are covered under 'Fix an employee's finalised STP data' on Xero Central.
Single Touch Payroll works by sending tax and superannuation information from your payroll or accounting software to the ATO as you run your payroll. The way STP information is sent will depend on the software you use. With Xero Payroll connecting to the ATO is done just a few simple clicks. Employees will be able to see their YTD tax and superannuation information through myGov. See the ATO website for further information.
When an organisation is opted in for STP, they're no longer able to produce payment summaries. Instead, employees can access these through their MyGov accounts.
You should only opt in once you want to start filing using STP. Once you've opted in, you won't be able to opt out again.
ETP payment summaries are treated the same as the normal payment summaries. Once opted in to STP, these can no longer be produced, and employees will instead get this infomation through MyGov.