Friday, 01 September 2017 11:18

Streamlined reporting with Single Touch Payroll

Single Touch Payroll is a reporting change for employers. Now employers may soon have to report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to us directly from their payroll solution at the same time they pay their employees.

For employers with 20 or more employees, Single Touch Payroll reporting starts from 1 July 2018. The first year will be a transition, and penalties will not apply.

You may need to update your payroll solution to report through Single Touch Payroll. Contact Eternity Group Accountants if you require assistance

The Australian Government has announced it will expand Single Touch Payroll to include employers with 19 or less employees from 1 July 2019.

This will be subject to legislation being passed in parliament.

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