For employers with 20 or more employees, Single Touch Payroll reporting starts from 1 July 2018. It means employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO directly from their payroll solution at the same time they pay their employees. Employers may need to update their payroll solution to report through Single Touch Payroll.
The Australian Government has announced that 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.
Employers will need to do a head count of employees to establish if they are required to report STP.Read More