Easiest Payroll Reporting with One Click
Ensure compliance and timely payments to employees using our Single Touch Payroll service. Since we take care of your reporting, you can now focus on business growth without any stress.
Why Single Touch Payroll Implementation Is Necessary?
Always Remain ATO-Compliant
No penalties! Accurate real-time reporting to the ATO will save your business from errors with its payroll reporting obligations. All mandatory payroll reporting obligations from then on will be met, with us ensuring.
Less Manual Workload Will Come Your Way
Automating payroll reporting will save time and reduce human error. We put your mind to rest during every pay run.
Trust Is Built in Employees
Employees hope for prompt payment in a reliable environment. STP helps keep timely payment records in order - this way, your workforce trusts you and is satisfied.
Your Business, Future Ready
With compliant digital processes becoming the norm, being STP-ready goes a long way in keeping your system relevant and competitive, thus providing for greater scalability and efficiency in operations.
Integrated Software
We integrate all major accounting platforms to link your payroll system in a smooth and customized approach to your specific requirements.
Why Choose Us?
End-to-end payroll data review and validation, preceded by submission
Thoroughly checks all payroll inputs for accuracy before submission, ensuring correct employee payments, tax calculations, and compliance with legal obligations.
Set up and configure STP to your accounting application
Integrates Single Touch Payroll (STP) with your accounting system to streamline reporting and ensure seamless, compliant submissions to the ATO.
Ongoing payroll event submissions to ATO
Regularly submits payroll updates to the ATO, ensuring real-time reporting of employee earnings, taxes, and superannuation in line with STP requirements.
Payroll and employee YTD data reconciliations
Matches year-to-date figures across payroll reports and accounting records to maintain consistency, accuracy, and compliance throughout the financial year.
End of the financial year support STP Finalization Reports
Assists in generating and lodging final STP reports to the ATO, confirming all payroll data is complete, accurate, and ready for employee tax returns.
Our Working Process
01
Getting Started
We understand where you currently are with your payroll setup and identify avenues for compliance and efficiency improvements.
02
System Integration
We set you and your payroll systems up with STP-compatible software and test for smooth crossover.
03
Regular recurring reporting
We manage your regular STP lodgments with ATO and report accordingly.
04
Support & Updates
Continuous support and keeping your processes up-to-date with the changing payroll legislation.
What Do Clients Say?
Alex Vontex Max
20 days ago
“I can’t recommend KB Accounts enough! Their team is incredibly professional, knowledgeable, and responsive.
Ron Bradley
20 days ago
“KB Accounts has been a lifesaver for my small business. They took the time to understand my needs and provided tailored solutions
David O'Connor
10 days ago
“Working with this team has been a game-changer for our business. Their accounting and finance services are not just
Some Important Common Questions About BAS Bookkeeping
What is Single Touch Payroll (STP)?
STP exists so that every time employers pay employees, they are responsible for reporting payroll data to the ATO.
Is STP for all sizes of businesses or only for large corporations?
Yes. Every Australian business should commit to the STP reporting requirement irrespective of its size.
Do I need to use STP-enabled payroll software for my STP reporting?
Yes, provided that it is STP-enabled. We assist you to configure and integrate with your existing system.
How often do I report STP?
You need to report every time you make a payment to employees, whether that is, be it weekly, fortnightly, or monthly.
What will happen if I miss the submission of an STP?
You might get fined by the ATO for it. We will ensure you never miss a deadline.
Will STP affect how I make payments for my employees?
No. It’s only changing how payroll information is reported to the ATO, not how salaries are paid.
Can you process STP for businesses with multiple locations?
Absolutely. We deal with STP for businesses of all sizes and structures, including those working across multiple sites.
Is an end-of-year STP finalization mandatory?
Yes, and we will take care of it so that your EOFY reporting is timely and accurate.
Is employee consent required for STP reporting?
No, employees can then log into MyGov and see their tax and income data once it’s been reported.
What is the charge for your STP service?
This differs depending on the size of your business and your requirements. Please give us a call for a free, tailored quote.
If you are looking for Free consultation support