Single Touch Payroll Posted on: 2018-05-07
Single Touch Payroll
Single Touch Payroll is a reporting change for employers.
It starts from 1 July 2018 for employers with 20 or more employees.
You will report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information from your payroll solution each time you pay your employees.
Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019. This is subject to legislation being passed in parliament.
Count the employees on your payroll as of 1 April to see if you need to get ready for Single Touch Payroll.
This short video provides an overview of Single Touch Payroll.
This short video provides an overview of how Single Touch Payroll works.
Reference: # ATO News