With over 200,000 businesses on the platform, KeyPay is a leading ATO-certified STP reporting software. ATO compliance has never been easier!
STP Phase 2 Overview
What’s changED with
Single Touch Payroll Phase 2?
STP Phase 2 streamlines reporting and saves time by no longer requiring manual reporting to multiple agencies. Phase 2 reduces the compliance burden for employers, outsourced payroll providers and individuals, so it’s important to have a comprehensive payroll solution that can handle the new requirements.
Enjoy peace of mind over STP Phase 2 with KeyPay
Stressed about the ATO’s new requirements? As an Australian leader in compliance, we're ATO-certified as an STP Phase 2 reporting software. Some of the reporting requirements that you'll find in KeyPay:
Mandatory termination reason reporting
Save time by selecting a termination reason from a dropdown list.
Voluntary reporting child support garnishee / deduction amounts
Opt to report via STP to eliminate the need for providing separate monthly reports to the Child Support Registrar.
TFN declaration reporting
Streamline processes by submitting tax file declarations via STP reporting. No need to manually lodge these with the ATO, as pay events will report every included employee’s tax information.
Disaggregation of gross & Phase 2 reporting
Easily assign payment classifications to pay categories via a dropdown list of pre-populated options.
Income types and country codes
Streamline reporting by assigning an income type (and country code, if required) for each payment made to an employee.
Keeping STP simple
KeyPay only requires 3 steps to set up STP for life to become a breeze each pay run:
Tax & BAS agents Standing Authority
Tax/BAS Agents reporting on behalf of clients can request client authorisation to action and approve pay events directly within the platform. No external emailing back and forth is required and all client actions are recorded within the STP event. Additionally, if agents have a Standing Authority with their clients they can apply this authority against an event, thereby removing the need to request client authority for each pay event moving forward.
STP compliance
Our STP feature is housed in the same software as your payroll data, meaning that there is no manual handling required to import and export your payroll data onto a third party platform to complete the report. With KeyPay as your single source of data from pay runs to STP, never worry about reporting errors or corruption of data again!
Reduce the chance of STP errors
KeyPay’s pre-lodgement validation ensures you are significantly more likely to successfully lodge an event. Any issues found within the event relating to payroll data or employee/business details that will otherwise guarantee the lodgement to fail will be displayed and is required to be corrected prior to lodging.
What’s more, if a pay run mistake is accidentally made, you can create an ad hoc pay run to make the necessary adjustments and lodge a pay event. Alternatively, you can update payroll data via lodging an updated event as well.
Tools for you to succeed
Help is never far away with KeyPay! We fully equip you with the tools for you to succeed each pay run. Whether you’re setting up STP, transitioning from another STP provider, or embarking on End of Financial Year processes, our informative guides and helpful videos will get you up to speed in no time.
Start Your Free Trial With Any Plan
$4 /mth*
KeyPay Standard
- Flexible Payroll
- Employee Self Service
- Timesheets
- Comprehensive Reporting
- ATO Electronic Lodgements
- Quarterly Super Processing
- Single Touch Payroll
$6 /mth*
Contact us for pricing
Partner
- Fully Branded Solution
- Reseller Pricing Structure
- Second Level Technical Support
- Custom Domain incl. SSL certificate**
- Included in a finalised pay run (even if that pay run is subsequently unlocked)
- Has had an approved leave request
- Has had an approved expense request
- Has had a published roster shift
- Has had an approved timesheet
**Custom domain inc. SSL Certificate is optional and comes at a cost of $200 per annum.
