Single Touch Payroll Phase 2 Hub
Your complete guide to Single Touch Payroll Phase 2.
What is STP Phase 2?
Single Touch Payroll Phase 2 reporting requirements sees your business build on its current STP reporting to provide additional information to the ATO whenever you process a pay run.
STP2 in a nutshell
From itemising the gross amount to country codes, we’ve summarised the key changes your business needs to be across as part of your transition to STP Phase 2.
Why is the ATO rolling out Phase 2?
STP Phase 2 is the next step in the ATO’s journey to consolidate, improve visibility of data and support the delivery of services.
What it means for your business
This depends on the processes and payroll systems that you have in place as well as the number of employees you have. Non-compliance to STP may result in penalties.
Preparing for STP Phase 2
It’s important your business is across STP Phase 2 and documents the changes now, so you can seamlessly switch to STP Phase 2 when it’s available in your software.
Disaggregation of Gross Income
Employers must now report each component of income rather than the gross sum. This means itemising salary sacrifice, overtime, paid leave, bonuses, commissions, director’s fees and allowances.
Employees
You will be required to update your existing payroll employee records with the following new fields employment type, income type, home country and tax scale.
Earnings
Know how to categorise your earnings types and ensure they are coded correctly.
Allowances
Review your allowances payroll items and which STP Phase 2 you will need to map them to.
Leave
Ensure your leave items are categorised and coded correctly.
What's changing
Additional data and key things you can expect to change in your STP Phase 2 reporting.
Reckon’s STP Phase 2 Update
Single Touch Payroll Phase 2 (STP 2) is available in all our payroll products. Please see below for your product specific details.
Reckon One
STP 2 is available in our new Reckon Payroll experience. Upgrade to this new experience via the green banner in your Reckon One book. Once you have upgraded please complete the STP 2 checklist and ensure you are ready to report via STP 2 by your first pay run after 30 September 2023 as Reckon’s deferral ends from this date.
STP 2 how-to help article
Payroll Premier
STP 2 is available in our new Reckon Payroll experience. Migrations to this new experience can be booked in with our specialist team. Once you have upgraded please complete the STP 2 checklist and ensure you are ready to report via STP 2 by your first pay run after 30 September 2023 as Reckon’s deferral ends from this date.
STP 2 how-to help article
Reckon Payroll App
STP Phase 2 is available in the Reckon Payroll App. Please ensure you have completed the STP 2 checklist and are ready to report your next pay run via STP 2 by 30 September 2023 as Reckon’s deferral ends from this date.
STP 2 how-to help article
Reckon Accounts & Hosted
STP 2 is now available in Reckon Accounts & Hosted 2023. Please ensure you have upgraded, completed the migration assistant and are ready to report via STP 2 by your first pay run after 30 September 2023 as Reckon’s deferral ends from this date.
STP 2 how-to help article
Reckon customers are automatically covered by our STP Phase 2 deferral until 30 September 2023. If you need more time beyond Reckon’s deferral, you can apply for a delayed transition to STP Phase 2 reporting for your individual business via the Online services for business platform. You do not need to apply for your own delayed transition if you can start STP Phase 2 reporting by 30 September 2023. See the ATO website for more information.
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