Single Touch Payroll

April 13, 2018

Single Touch Payroll

Single Touch Payroll (STP) comes into effect from 1 July 2018 for employers with 20 or more employees as at 1 July 2018. Are you ready?

Confirm your headcount as at 1 April 2018 to find out if you are required to comply.

Headcount includes Doesn't include
Full time employees Employees who cease work prior to 1 April
Part-time employees Independent contractors

Casual employees who worked any time
during March 2018

Casual employees who didn't work in March
Employees based overseas Staff provided by 3rd party
Employees absent or on leave including
unpaid and maternity.
*Company directors, office holders, religious practitioners.

*Whilst not included in headcount you will still need to report their payment information when you start reporting through STP.

Xero are working closely with the ATO to roll out STP in Xero Payroll. Xero will has a simple set up process for STP. 

During the setup, Xero will display your software service ID which you will need to provide to the ATO.  You can do this one of two ways,

  • Call the ATO and notify them, or
  • Login to ATO Access Manager (using Auskey) and nominate a software service provider.

Once setup the option to report to the ATO will be available for each pay run and your payroll information will be filed with the ATO.

It should be noted that due to the filing requirements for STP, once you have started using STP you will only be able to revert the latest posted pay run for each pay calendar.  Any corrections to previous pays will have to be done via an unscheduled pay run.


Also in SMB Blog

workers pointing at computer
You've Got the Data, Now What?

January 13, 2025

The holiday season has left your business with a treasure trove of valuable data. But how do you turn that information into actionable insights? In this blog, we break down practical steps to help you optimise inventory, strengthen customer relationships, and plan smarter marketing strategies for 2025. Whether you're already leveraging connected systems or need help integrating your data channels, this guide will set you up for success in the year ahead.

Read More
9 Training Mistakes That Lead to Poor System Adoption in Inventory-Based Businesses (And How to Fix Them)
9 Training Mistakes That Lead to Poor System Adoption in Inventory-Based Businesses (And How to Fix Them)

December 12, 2024

Rolling out a new system for your inventory-based business? Whether it’s inventory management software, accounting tools, or an eCommerce platform, the success of your implementation hinges on proper training. In this post, we break down 9 common training mistakes that can derail system adoption—and share practical fixes to help your team not only adapt but thrive with your new tools.
Read More
Prepayments: The Secret to Smoother Cash Flow and Happier Customers for SMBs
Prepayments: The Secret to Smoother Cash Flow and Happier Customers for SMBs

December 03, 2024

Running a small to medium business that sells inventory can feel like a high-wire act without a safety net. You're constantly balancing cash flow, managing stock levels, and ensuring customer satisfaction—all while trying to keep your business growing. What if there was a way to make this balancing act a little easier? Enter prepayments. Discover how implementing prepayments can provide financial stability and peace of mind for your business. Learn about the benefits, key considerations, and real-world examples that show how prepayments can transform your operations.
Read More