What is Single Touch Payroll?

Single Touch Payroll (STP) is a new way of reporting payroll information to the Australian Tax Office. Businesses used to report this information to the ATO once a year.

Now, they need to send a report after each pay day. And those reports must be submitted using a solution that is Single Touch Payroll compliant, such as payroll or accounting software.

With Single Touch Payroll (STP), the payment summary annual report and the payment summary will go away.