With Single Touch Payroll (STP) now a reality for Australian small businesses of all sizes, and the 1 July 2019 deadline for business owners to start reporting just months away, it’s time to get your clients STP ready.
What is STP?
Single Touch Payroll is an initiative from the ATO to encourage regular salary reporting. Under STP, employers are required to report salaries and wages, PAYG withholding tax, and superannuation, every time they pay their employees.
From 1 July 2019, STP will apply to almost all Australian employers. This means that over 400,000 extra small businesses will need to file STP with every pay run, and a huge amount of people are likely to need help from our partners.
Introducing the STP Ready badge
Xero’s STP Ready education has been designed to equip you with everything you need to support your clients and to show your readiness to others. Once complete, the badge will be displayed on your Advisor Directory profile – helping us drive new business to partners who are prepared.
If you’re Xero advisor and payroll certified, you’re almost there. Alongside these two requirements, you simply need to either:
- attend the webinar on moving your clients to STP, or
- complete the self-paced online course that’s now live.
If you’re not advisor or payroll certified, there’s no better time to complete these newly updated programs, designed to support STP:
If you like to take our education programs at your own speed, simply choose the online self-paced format. If you prefer to connect with others on the same journey and receive support from our education specialists, register for the monthly webinar.
Once you’ve completed these three requirements, the STP Ready badge will be added to your Advisor Directory listing and to the listing for your practice within five working days.
Good luck! We hope you enjoy the STP education experience and helping your clients take this exciting step into our digital future.
For more on Xero and Single Touch Payroll, visit Xero’s STP web page.