The Single Touch Payroll (STP) implementation deadline is approaching and as we’ve mentioned before, HeroPay will be STP compliant for July 1, 2018.
We know it’s been a tense long journey, especially to payroll managers and accountants, but we’re nearly there.
We’ve have been working hard to implement STP to meet the ATO’s specifications and we’d like to give you a sneak peek of what this is going to look like.
*Please note that the below screenshots are not available in HeroPay yet and subject to change if there are any further updates from the ATO in the coming weeks.
Firstly, you’ll need to start by enabling STP in Payroll Settings > ATO Settings.
You can lodge payroll events either as a Registered Tax Agent or a an Employer.
Then, in the Electronic Lodgement tab, click the “Enable Single Touch Payroll” button, as follows:
When finalising Pay Runs you will see a new Lodge Pay Run option available, which will begin the STP Pay Event process.
Businesses with Registered Tax Agents
If your business has a registered tax agent, you’ll be required to log into the ATO Business Portal and grant the tax agent permission to manage the STP for your business. Follow the steps below:
- Log into the ATO Business Portal using your AUSkey
- Go to “Access Manager” and login
- Click on “Who has access to my business” and then in the band near the top “Appoint New Business”
- Enter the registered agent
- You will then be able to select the access level. Under the heading “ATO Transactions” you can choose “Payroll event from” for “Lodge & View” as shown below:
Lodging a Pay Event
When a pay run is finalised and you elect to lodge a pay event, you will be able to review the year-to-date data that is being lodged:
From this screen, the ‘RFBA” amounts and “Is Final” flags may be modified.
Once you are ready to move on, click “Lodge” and a Declaration dialog will be shown.
If the user is lodging as a business owner, the following dialog will appear:
And if the user is lodging as a Registered Tax Agent, you’ll see the following screen:
From here you’ll be able to select the authority that the pay event should be lodged as. This will be either a user who has been requested to approve the pay event or a standing authority that has been setup for the business.
To finalise the lodgement process, click “Lodge Pay Event” or “Lodge Update Event”.
And that’s it! Lodging a pay event with STP will only take a few more steps within HeroPay and once you have enabled electronic lodgement and STP on HeroPay, your life will be much easier.
We’ll continue to update the STP implementation in the following weeks before July 1 and we’ll share a final STP guide to explain everything you need to know.
And should you have any questions, feel free to visit our Help Centre or contact our support team at firstname.lastname@example.org.