Single Touch Payroll (STP) reporting is a mandatory Australian payroll reporting system that requires employers to report employee pay, tax withholdings, and superannuation information directly to the Australian Taxation Office (ATO) every payday. By automating payroll data submissions, STP reporting aims to streamline compliance and provide employees with up-to-date tax and superannuation details via their myGov accounts. This process replaces older end-of-year reporting methods, making payroll reporting more efficient and timely.
