Single Touch Payroll (STP) Accountants Australia | Top Class

Stay compliant with ATO’s Single Touch Payroll requirements with Factor1’s expert guidance and support.

About Single Touch Payroll

Navigating the complexities of Single Touch Payroll (STP) can be challenging for businesses of all sizes. Factor1 is here to simplify this mandatory ATO reporting requirement. Our team ensures that your payroll and superannuation information is submitted accurately and on time, helping you stay compliant and avoid potential penalties. We provide expert guidance on using STP-compliant software, or if needed, we help you implement a cost-effective solution tailored to your business needs.

Whether you already have STP-capable software or require assistance setting up a new system, Factor1 is your reliable partner. We take the stress out of STP compliance, allowing you to focus on what you do best – running your business efficiently and effectively.

Common Challenges We Help Address

Implementing Single Touch Payroll (STP) can seem daunting, but with Factor1’s expertise, we help you overcome the following challenges:
  • Complex Compliance Requirements
    Understanding and adhering to the ATO's mandatory payroll reporting regulations can be overwhelming. We simplify the process, ensuring your business remains compliant.
  • Software Compatibility Issues
    Not all businesses have STP accounting software that is compatible with it. We assist in finding the right software solution that fits your specific needs.
  • Increased Administrative Workload
    Reporting payroll details to the ATO before each pay period can add to your administrative burden. We help streamline these tasks, reducing your workload.
  • Data Accuracy and Security
    Maintaining accurate and secure payroll data is crucial. Our team ensures data integrity and compliance with all reporting standards.

Why Businesses Need Accounting & Bookkeeping

Streamline finances, ensure compliance, and drive growth with expert accounting solutions.

Single Touch Payroll (STP) is a system introduced by the Australian Taxation Office (ATO) that requires businesses to report employees' payroll information, including salaries, wages, PAYG withholding, and superannuation, directly to the ATO each time they are paid.

STP compliance requires specific payroll software that is capable of reporting directly to the ATO. If you already have software, we can help ensure it is compliant or recommend and implement new software suited to your business needs.

We provide a comprehensive service that includes evaluating your current payroll systems, recommending suitable STP-compliant software, assisting with setup and integration, providing staff training, and offering ongoing support to ensure continued compliance.

No worries! We can help implement a cost-effective payroll software solution tailored to your business needs, enabling you to manage payroll efficiently while ensuring STP compliance.

Failure to comply with STP requirements can result in penalties from the ATO, including fines for late or inaccurate reporting. We help you avoid these risks by ensuring your payroll processes are correctly set up and compliant.

Why Choose Factor1? Your Satisfaction, Guaranteed.

Transparent Pricing

Know exactly what you're paying for with our upfront, competitive pricing—no hidden fees, no surprises.

Trusted Experts

With years of experience in bookkeeping, corporate services, and financial solutions, our team provides reliable, accurate, and personalised support tailored to your business needs.

Hassle-Free Support

Need assistance? Our responsive team is here to guide you every step of the way, ensuring a seamless experience.

Office Locations

Factor1 is proud to serve clients in person across Victoria or online throughout Australia. Whether you prefer to meet in person or connect virtually, our team is ready to assist you with all your accounting and advisory needs. Explore our office locations below to find the one nearest you.
Melbourne Office
Shepparton Office
KP Office
Bairnsdale Office
Lake Entrance Office

Discover how Factor1 can support your financial success. Schedule your complimentary consultation by clicking the ‘Book Now’ button or giving us a call. Let’s start planning for your future today.

Expert accounting and financial services tailored to your needs. From tax compliance to business consulting, we provide personalised solutions to help your business thrive.

Contact Info

Headquarters
Suite 46-47, Level 3,
Building 2,
1 Ricketts Road,
 Mount Waverley 
VIC 3149

Phone
1300 886 309

Email

Copyright © 2024 | All Rights Reserved | Terms and Conditions

Expert accounting and financial services tailored to your needs. From tax compliance to business consulting, we provide personalised solutions to help your business thrive.

Contact Info

Headquarters
Suite 46-47, Level 3,
Building 2,
1 Ricketts Road,
 Mount Waverley 
VIC 3149

Phone
1300 886 309

Copyright © 2024 | All Rights Reserved | Terms and Conditions