STP will roll out for employers with 20 or more employees on 1 July 2018, while employers with 19 or less employees will have to start reporting on 1 July 2019.
The accounting software provider has announced that STP is now live for SME clients and partners participating in its beta trial for AccountRight.
As part of the beta trial, pay information was successfully submitted to the ATO in line with the new requirements for Single Touch Payroll compliance changes using MYOB AccountRight.
“We know this is a big change for our customers and we have worked hard to ensure the transition is as smooth as possible,” MYOB chief operating officer Andrew Birch said.
“An important part of that is making sure our customers have plenty of time to test out the new technology before the reporting deadlines.”
Last month, MYOB chief executive Tim Reed said he was confident of his software being “ready to go” for the bulk of its user base, with deferrals applied for its desktop clients.
MYOB clients who are not using an STP-enabled version of AccountRight, because they are using multi-currency, negative inventory, M-Powered Payment or ODBC and those using AccountEdge, have been granted an STP reporting deferral until 31 May 2019.
Earlier, the ATO had admitted that only five out of about 140 software providers that have registered interest with the ATO about providing STP products are ready to go.
However, STP program lead at the ATO, John Shepard, said there will be no mass deferral of start dates.
“The date is set for STP for large employers, and it’s 1 July 2018. That won’t shift, that is the date they need to start reporting by,” Mr Shepherd told Accountants Daily.
“In other words, there won’t be blanket extensions. It’ll be done on a case-by-case basis.”
The ATO have also recently released two forms to help professionals and businesses better understand their obligations, namely the STP factsheet, and the STP ‘get ready checklist’.
Jotham Lian is the news editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
With a focus on breaking news and exclusive analysis, Jotham keeps Accountants Daily readers up to date with company moves, tax updates and essential business and client strategy.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.