The ATO is changing the way employers report their tax and super.
You may need to use Single Touch Payroll from 1 July 2018.
You’ll now be able to report this information to the ATO directly from your payroll solution.
If you have 20 or more employees, you need to start using Single Touch Payroll-enabled software to report your:
- payments to employees such as salaries and wages
- pay as you go (PAYG) withholding
- super information
You need to send the ATO this information at the same time as you pay your employees.
You can also get a third-party provider – like a tax professional or payroll service provider – to report to the ATO through Single Touch Payroll on your behalf.
Payroll and service providers are updating their products and services. They’ll let you know when they become Single Touch Payroll-enabled.
What you need to do
Do a headcount of the number of employees you have on 1 April 2018 to work out if you need to report to us using Single Touch Payroll from 1 July 2018.
You can find information about which employees you need to include on ATO’s website.
You can also ask our friendly team at Omnis Group about how to get ready for Single Touch Payroll by calling us on 08 9380 3555.
Source ATO
