Single Touch Payroll – what you need to do

From 1 July 2018, if you have 20 or more employees, you’ll need to use Single Touch Payroll-enabled software to report your tax and super information to us.

This means that you need to do a headcount of the number of employees on 1 April 2018, if it is 20 or more employees then you are required to use Single Touch Payroll from 1 July 2018.

More information can be found on our article published earlier .

If you require assistance please get in touch with us!

in Bookkeeping and Payroll / News / Running A Business / Tax Advice and Planning / Xero Cloud Accounting  by Emily Yip

Attention employers – Single Touch Payroll is coming!

The ATO is introducing a new system – Single Touch Payroll – to help employers report their employee payment information more easily and efficiently.

What is Single Touch Payroll?

Single Touch Payroll is a new system for employers to conveniently report their employee wages, withholding and superannuation information at the time when they prepare payroll on their accounting or payroll software.

What does it mean to you?

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in Bookkeeping and Payroll / News / Running A Business / Starting a New Business / Tax Advice and Planning  by Emily Yip