Single Touch Payroll

A big shift is happening.

Tax reporting gets easier and faster with

Single Touch Payroll (STP)


What is Single Touch Payroll (STP)?

Single Touch Payroll (STP) provides a faster and more efficient way to report payroll information in real time to the Australian Taxation Office (ATO) through an online payroll system.

Why do you need it?

As of 1 July 2018, all businesses with more than 20 employees are required to report their employees’ tax and superannuation information via STP. By 1 July 2019, businesses with less than 20 employees will need to switch to STP.

How can it help your business?

  • More streamlined reporting to the ATO
  • Easier and stress-free end of year reporting
  • More efficient way of reporting tax information
  • Improved transparency between employers and employees

How does it benefit employees?

  • Transparency for their total year-to-date income, PAYG withholding amounts and superannuation contributions
  • Reduced risk on getting behind on superannuation entitlements payment or PAYG

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STP BOOK AN APPOINTMENT

davidarmstrong_cashflow_profile

David is the Director of Modoras Downes Barrington (Sydney) and is proud of his 40 years of experience working with business clients. His expertise extends to business growth, auditing, tax planning, governance, directorships, company secretarial services and wealth management.

He is an expert in assisting businesses to scale up.

Dedicated to making THE difference to each life, his approach is to look at every facet of a client’s current situation in order to provide an optimum long-term financial solution. He ensures that every client is educated about how strategies are selected and more importantly, why they are recommended.

He derives inspiration from seeing his clients experience the peace of mind that comes with advice from an experienced financial professional.

David has been awarded the prestigious “Meritorious Service Award” by CAANZ for his service to the profession.

When not helping businesses thrive and people achieve their financial goals, David can be found with his family, travelling or sailing on Sydney Harbour or offshore.


Bachelor of Economics (Sydney University)
Fellow Chartered Accountant
Graduate of Australian Institute of Company Directors

Streamline your business further by upgrading to Single Touch Payroll now.

Your accountant and/or business advisor are here to guide and educate you on the steps to make this transition easier and as seamless as possible for you. Talk to us by calling 1300 888 803.

We also have additional resources to help you meet these obligations. Get access to this webinar to learn:

  • Everything you need to know about Single Touch Payroll
  • Its impact on your business operations; and
  • Steps to help you become STP-ready

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Fill up form to get access to our webinar.


The information provided has been prepared by Modoras Accounting (QLD) Pty. Ltd. ABN 81 601 145 215. It should not be considered personal or business advice as it is intended to provide general advice only. The content has been prepared without taking into account any individual’s or business objectives, financial situations or needs. Modoras Accounting (QLD) Pty Ltd recommends that no product or financial service be acquired or disposed of or business strategy adopted without you first obtaining professional advice suitable and appropriate to your own business needs, objectives, goals and circumstances. While the information provided is believed to be accurate, to the extent permissible by Law, neither Modoras Accounting (QLD) Pty Ltd nor its employees, representatives or agents (including affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this material. Liability limited by a scheme approved under Professional Standards Legislation.