In the 2019–20 Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional information to be reported on or before each payday.
This brings us to the Single Touch Payroll Phase 2, which will include details such as income or payment type and the reason for cessation of employment.
Some accounting system has been granted a deferral on the start date of the STP Phase 2 for the payroll software, which applies to all new and existing customers.
Xero
All customers reporting STP using Xero Payroll have until 31 March 2023 to report their first STP Phase 2 pay run instead of the 1 January 2022 ATO deadline.
Please see below for more info
https://www.xero.com/au/programme/single-touch-payroll/stp-2/.
MYOB
All customers reporting STP using MYOB Payroll have until 1 January 2023 to report their first STP Phase 2 pay run instead of the 1 January 2022 ATO deadline.
Please see below for more info
https://help.myob.com/wiki/display/ar/Getting+ready+for+STP+Phase+2.
Quickbooks
All customers reporting STP using Quickbooks do not need to do anything. QuickBooks implemented STP2 in February 2022, which means that the system’s typical pay, leave, and deduction categories have been updated with payment classification information, so users don’t have to update it manually.
Please see below for more info
https://quickbooks.intuit.com/au/blog/payroll/stp-phase-2/.
Three stages need to be done for clients using Xero and MYOB:
Stage one: Update employee profiles
Stage two – Replacing / Update pay items
Stage three – Change / Update Leave categories
If you have any questions or issues, please get in touch with us
