ATO introduces Single Touch Payroll

single-touch-payroll-twitter-560x300

 

14/11/2017- ATO introduces Single Touch Payroll

If you’re an employer, from the 1st of July 2018 Single Touch payroll will be rolled out to all businesses that employ 20 or more employees.

Single Touch Payroll is a new method that will help businesses report payments (wages, salaries, PAYG and superannuation) directly to the ATO from their payroll solution at the same time they pay their employees. It’s basically a more streamlined way of reporting.

For employers of 19 or less, Single Touch Payroll will be available after 1st of July 2019 but they are allowing earlier use if requested.

If you’re free on Thursday 16 November from 9.15am – 3.30pm (AEDT) you will be able to tune into the live Employer Engagement Forum hosted by the ATO live from your own computer.

The forum will cover:

– Single Touch Payroll in detail and why it is important

– Employee commencement

– How to get ready

– Expert panel Q&A session – your chance to have your questions answered by ATO and payroll industry experts.

If you have any further questions or need assistance with your Payroll, please contact Ari at Tradie Bookkeeping Specialists today!