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File employee pay and super with Single Touch Payroll – Xero Central.Single Touch Payroll FAQs | STP FAQs | Xero AU
Businesses used to report this information to the ATO once a year. Now, they send a report after each payday. And those reports must be submitted digitally, using a very specific format. Small businesses used to finalise their payroll records at the end of the financial year and produce:.
With STP, the payment summary annual report and the payment summary have gone away. Your employees can see the information that used to be on their payment summary by logging on to myGov. Click File. Select the checkbox to confirm you've read and accepted the authorisation to file. Click Submit to ATO.
When the file is submitted, the status changes to Sent to ATO until it's either accepted or declined. It can take up to 72 hours for the status to update.
Foreign employment income and withholding income aren't included in STP submissions. Click Single Touch Payroll Settings. This includes income or payment type and the reason for any cessation of employment. After each pay run, once pay details from Xero have been reported to the ATO, employees can see up-to-date tax and super information in their ATO online services account.
An income statement is also available there at the end of the financial year. See answers to frequently asked questions about single touch payroll. Check that the lump sums are reporting correctly, and if required adjust the lump sum value for unused leave. To finalise data for individual employees, select the checkbox next to their name. To finalise data for all employees, select the Employees checkbox at the top of the table.
Click Finalise and submit to the ATO. Select the checkbox to authorise the file, then click Submit to ATO. Post an unscheduled pay run to adjust the employee's pay.
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