Single Touch Payroll (STP) is a streamlined reporting system that requires employers to report payroll information to the Australian Tax Office (ATO) each time they process a pay run.
STP ensures that employees' tax and superannuation information is sent automatically and in real-time.
For example, after processing payroll for the week, an employer's system will send employee wage and tax details directly to the ATO, simplifying compliance and record-keeping for both employers and employees.
