Single Touch Payroll Phase 2

Reporting STP2 with Sybiz Visipay

Our existing Sybiz Visipay customers will need to upgrade to the latest version of Sybiz Visipay or at least version 22.20 (unless salary sacrificing allowances, in which case this will be version 22.22) of Sybiz Visipay prior to commencing STP2 reporting.

Some additional information may need to be collected from employees, and new allowances and other data may need to be set up, depending on how you currently report - see our STP2 FAQs for what this could include for you.

Now you’re ready to report Single Touch Payroll Phase 2 with Sybiz Visipay!

As Single Touch Payroll processes are refined by the ATO, businesses will need to ensure they continue to stay up to date with future releases of Sybiz Visipay.

How might you be impacted by STP2?

Transitioning to the next phase of Single Touch Payroll (STP2) in 2022 may impact more than just your regular payroll duties. For example:

• How will STP2 affect your current reporting procedures?
• How will STP2 change your employee onboarding process?
• What penalties can occur from not meeting Single Touch Payroll phase 2 compliance?
• Is your payroll data STP2 ready?
• Are your employees aware of the impact, such as no more payment summaries?

Our Single Touch Payroll FAQs are a great place to start understanding how Australian businesses could be affected by the pending rollout of phase 2 of the STP program.

Not using Sybiz Visipay?

Sybiz Visipay is a powerful, scalable payroll solution that is already helping thousands of Australians navigate the challenges of Single Touch Payroll. Integrated with the Sybiz Employer Portal, users can view, manage and edit their STP reports to ensure success every pay run.

Sybiz Visipay even takes the confusion out of finalising employees at the end of financial year with streamlined processes aimed at getting tax information into employee hands as soon as possible.

Not using Sybiz Visipay? Speak to our knowledgeable team today.