loader image

Home > Blog > Single Touch Payroll Phase 2

Single Touch Payroll Phase 2

Date: 19 December 2022

Is your business ready for Single Touch Payroll (STP) Phase 2 starting 1 January 2023?

Phase 2 of the rollout will help reduce reporting burden for employers who need to report information about their employees to multiple government agencies.

STP Phase 2 is only applicable to business paying wages.

What you need to do:

  • You will be prompted by your payroll software (MYOB, XERO or any other software you use) to set up STP Phase 2, simply choose the right ATO reporting category for each pay item in the payroll software. This will only take few minutes.
  • If your MYOB software do not prompt you to set up STP Phase 2, it could be because you are using an old MYOB Essentials file and MYOB has an ATO extension for the Old Essentials files until March 2023.
  • Further information in relation to STP Phase 2 set up for old MYOB Essentials files in January 2023.

We encourage all businesses using payroll to get the STP Phase 2 set up this week.

More information can be found via the ATO website.

Don’t forget we are here to help. Contact your Roberts + Morrow accountant if you would like some assistance.

Know More

Buying a home in NSW with as little as 2% deposit

Buying a home in NSW with as little as 2% deposit

The NSW Shared Equity Scheme starts on 23 January 2022 and aims to make home ownership more achievable for single parents, older singles (50+) and key workers. If home buyers are eligible, the NSW Government will buy an ownership share in the property of up to 40% for...

read more
Are you aware of your super obligations?

Are you aware of your super obligations?

Superannuation guarantee (SG) is the minimum amount you must pay to avoid the super guarantee charge. Super guarantee is 10.5% of an employee’s ordinary time earnings. Super must be paid at least quarterly for your employees by the due date, as set out below: Quarter...

read more
RMT returns to the Hunter!

RMT returns to the Hunter!

We are excited to announce that RMT have opened another office located in Maitland NSW. Technically they never left, but at the beginning of lockdowns in NSW, the team had to close their old Hunter office and move to remote working arrangements. However with the...

read more