Single Touch Payroll Phase 2 update

Single Touch Payroll – phase 2

Xero announces extension to STP2 deadline

“Xero has been granted a deferral on the start date of the STP Phase 2 for our payroll software, and applies to all new and existing customers.

This means that all customers reporting STP using Xero Payroll have until 31 March 2023 to report their first STP Phase 2 pay run, instead of the 1 January 2022 ATO deadline.

This gives our Xero Payroll customers more time to ensure that payroll records are STP Phase 2 compliant.”

MYOB puts STP2 Transitions on a temporary hold

“In July we paused transitions to STP Phase 2 to improve the in-product experience. But the wait is over – you can now make the move to STP Phase 2.

You’ll be prompted in your MYOB business to make the move to STP Phase 2. It’s a simple process and we’ll guide you every step of the way.

During the move, your business and employee details will be checked to make sure they meet the new STP requirements. This includes checking inactive and terminated employees if you’ve paid them in the current payroll year. If anything needs fixing, we’ll let you know.

MYOB has obtained a deferral from the ATO which means you have until 1 January 2023 to move to STP Phase 2. This means you can relax and make the move at a time that suits you in 2022.”