There are several upcoming changes to payroll management due to the upcoming rollout of Single Touch Payroll (STP) Phase 2.
The Australian Taxation Office (ATO) has announced that the way you need to report your payroll information is changing this year.
BusinessHub is here to help you make the transition with our Hub of resources and how-to tips.
MYOB Exo Employer Services users will need to transition to STP Phase 2 reporting before your first pay run in the 2023 financial year.
To start STP Phase 2 reporting, you’ll need to upgrade your software and then review/update your STP Phase 2 settings in between pay runs.
This is best done after you have familiarised yourself with the STP Phase 2 requirements and successfully submitted your last Pay Event under the current STP regime (your current MYOB Exo Employer Services version should be 2021.03).
The compliance upgrade (that includes STP Phase 2) of MYOB Exo Employer Services (2022.01) is currently available.
We encourage you to upgrade and make the transition in before the busy EOFY period.
This is a high-level checklist of the steps required to complete your STP Phase 2 transition using MYOB Exo Employer Services. Refer to the MYOB Exo ES Release Notes and MYOB Exo Employer Services STP Phase 2 Customer Guide for the detail.