Single Touch Payroll. Are you ready?
What is Single Touch Payroll?
Single Touch Payroll is a compulsory reporting change for employers.
Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019.
(Compulsory reporting for employers with 20 or more employees across all grouped companies, came into force 1 July, 2018.)
You will need to report to the Australian Taxation Office (ATO) payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information each time you pay your employees.
Are you ready for Single Touch Payroll?
- Single Touch Payroll is now available in the latest versions of various payroll software such as MYOB, Reckon and Xero. Please contact us immediately if you require assistance in enabling this reporting function.
If you do not have accounting software in place or your software does not offer the Single Touch Payroll function, please contact Patrick Rowan & Associates for assistance.
- Make sure the right people in your business know about Single Touch Payroll – especially your payroll staff.
- Start reporting to the ATO from the first pay period after 1 July.
If you need assistance or are unsure how the Single Touch Payroll impacts you, please contact Patrick Rowan & Associates immediately. Tel: 5221 7655