Don’t be fazed by STP Phase 2

Your step-by-step guide to get ready

Frequently Asked Questions

1. What is STP Phase 2 and why do we need it?

The expansion of STP, also known as STP Phase 2, will reduce reporting burden for employers who need to report information about their employees to multiple government agencies. It will also help Services Australia's customers, who may be your employees, get the right payment at the right time. For more information around all of the changes you will need to make in preparation please see https://www.ato.gov.au/Business/Single-Touch-Payroll/In-detail/Single-Touch-Payroll-Phase-2-employer-reporting-guidelines

 

2. When will MYOB be ready for STP Phase 2?

MYOB will be ready for Phase 2 from 15 December for new MYOB customers and early next year for existing MYOB customers. There is a deferral with the ATO until the end of 2022, so you will have time to prepare and transition to Phase 2 when you are ready. To keep up to date with everything MYOB STP Phase 2 please see https://www.myob.com/au/comms/accountants-partners/stp-phase-2

 

3. Once I have completed the setup, will processing payroll change?

No- Once STP Phase 2 setup has been completed, processing a payroll and reporting for STP will remain the same as will EOFY Finalisation.

 

4. What happens if my payroll figures don't match my STP Reporting figures?

Keep an eye out once your STP Phase 2 is live. We have a new update feature which will mean you do not need to do a zero pay run for each employee to reset figures to STP data.

 

5. Where do I find out about all the new ATO Reporting Categories (disaggregation) of wages?

Please refer to the ATO for further information on disaggregation of Wages.
https://www.ato.gov.au/Business/Single-Touch-Payroll/Expanding-Single-Touch-Payroll-(Phase-2)

 

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6. What happens if I make a mistake in my pay run?

If you have filed your pay run, you will need to reverse and then complete a new pay run for the same period and refile.  Please see the below help links to step you through this process- 

AccountRight: https://help.myob.com/wiki/x/AYFk
Essentials (new)/MYOB Business: https://help.myob.com/wiki/x/A6xqAg

 

7. Do we still need to lodge a Tax File Declarations once we begin STP Phase 2?

No- Once STP Phase 2 has been set up, you will no longer need to lodge TFN Declarations, however you will still need to keep a record of the form where a hard copy form is provided.

 

8. What other training will MYOB be providing on STP Phase 2?

We will be running STP Phase 2 webinars over the coming months, along with adding courses into MYOB academy at https://academy.myob.com. Keep an eye on your inbox for more information.

 

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9. Which MYOB Products will be STP Phase 2 Compliant?

STP Phase 2 will be compatible with:
AccountRight (online files): https://help.myob.com/wiki/x/DYETB
Essentials (new)/MYOB Business: https://help.myob.com/wiki/x/0QYNB

 

10. Will all MYOB software automatically update to STP Phase 2?

No- there will be some steps you will need to complete to update some payroll information. Once STP Phase 2 is available in your file, you can then follow the workflow to move over to STP Phase 2. If you are transitioning from another software, look out for our new feature where you can simply bring across your BMS ID which will make this process of transferring your payroll data a lot easier. (HINT: Ensure your Payroll Summary figures match your End of Year Verification report under STP Payroll Reporting before opting in to STP Phase 2)

 

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