Thank you for confirming your booking for Single Touch Payroll (STP) setup in your Xero file. STP is the biggest legislative change since GST and it’s really important that the setup is done correctly.
Please invite us into your Xero file. Please do this now so you don’t forget!
You can invite us by clicking on your business name which will give you a drop down. Then click on Settings>Users>Invite a user.
Please ensure your invite looks the same as the below example.
One of the really important things you can start doing now is educate your employees about Single Touch Payroll. This is a really big change for employers and how they report their payroll, but also for employees. This is the information we recommend you give your employees.
Effective from 1st July 2019 it is a requirement for all businesses with employees to report payroll and superannuation data electronically to the Australian Taxation Office after each payrun instead of annual reporting. The benefits of regular reporting include:
We will log into your Xero file at the appointed time and set up so you are ready for STP reporting. If we find the setup is more complicated than first thought, we will discuss your options with you.
There’s no need for you to be online with us at the time of the appointment, but you can contact us with any questions that you may have.
The person who is responsible for the preparation of payroll and lodgement of STP will be required to register with the ATO. We’ll provide these details to you when we’re doing the setup.
If you become a management client of Miss Efficiency within 30 days of this service being completed, 50% of this setup fee will be refunded to you after one month of service.