Manually calculating your payroll will put you a step back. You need a payroll solution to keep your employee data aligned.
Is it getting frustrating for you to manually calculate every payroll cycle, track employee entitlements, keep everything together in the payroll department and constantly spending long hours after work figuring things out manually. Continuing down the traditional pathway wont become any easier as the ATO releases new Single Touch Payroll Reporting to be mandated for every business to report every pay cycle to ATO.
We can help you change that
Oyster Hub tax accountants will provide you with automated cloud payroll solution that will meet all the ATO reporting requirements, automatically calculate super, tax, integrate systems with Single Touch Payroll systems and track your employee entitlements using cloud payroll systems that does it all and integrates your payroll systems through a cloud ecosystem.
Using Cloud Payroll Software is essential to comply with new regulations such as Single Touch Payroll. They also save time compared to manually calculating payroll. Forget spending hours entering timesheets, calculating entitlements, leave and superannuation. Cloud Payroll Software such as Quickbooks Online allows the calculations to be completed within minutes.
Take the work out of payday and get back to business
Run payroll in minutes
Simply login online, enter your business details, pay run information, add employees, and - it's payday!
Single Touch Payroll
Single Touch Payroll is changing the way employers report PAYG and Super to the ATO. Today, businesses with 20 or more employees are required to report their PAYG and Super information with every pay run.
With Quickbooks Online business can enable single touch payroll on their own by following the instructions in the employees section. Alternatively, our payroll package process employee payroll with PAYG, entitlements, superannuation and compliance from at little as $8 per an employee.
Goodbye, manual calculations
We’ll do the maths and stay on top of ATO and SuperStream requirements to help keep your payroll accurate and on time. Single Touch Payroll compliance is automatically included.
Their records, their responsibility
Employees can update their own personal details, submit leave, timesheets and expenses, so you can focus on the pay run.
Frequently asked questions about STP
Single Touch Payroll is an ATO initiative to streamline payroll reporting.
Put simply, Single Touch Payroll legislation requires employers to report wages, PAYG withholding, and superannuation information directly to the ATO using an online payroll system.
If you manage payroll for your business or a client, you will need to comply with Single Touch Payroll legislation:
1 - 19 Employees
You have until 1 July 2019 to get STP compliant.
You should already be STP compliant.
To find out which employees to count when doing a headcount, click here.
Using cloud accounting softwares inbuilt with payroll functionality such as Quickbooks Online and Xero and MYOB will foster an integrated payroll solution powered by KeyPay does the maths and stays on top of ATO requirements. Helping to keep your payroll on time and compliant.
ATO Single Touch Payroll will be mandatory for all employers from 1 July 2019. With this date fast approaching, we encourage small businesses with employees to get digital-ready as soon as possible.
If you’re already using payroll software, Single Touch Payroll won't change the way you process payroll.
If you’re not digital-ready and need some help, we’ll do the hard work for you. Our powerful payroll software, powered by KeyPay, works behind the scenes to automatically report your data with every pay run
Oysterhub tax accountants can help you with the initial setup and training or you can choose to outsource the entire payroll.
We can even help connect you with a Single Touch Payroll (STP) expert.
If you're an Oysterhub customer, you're in good hands. Our integrated payroll solution, powered by KeyPay, has been STP ready for quite some time.