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Independent Retailer Magazine
Effective 1 July 2018
Single Touch Payroll is a reporting change for employers.
It starts from 1 July 2018 for employers with 20 or more employees.
You will report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information from your payroll solution each time you pay your employees.
Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019. This is subject to legislation being passed in parliament.
Count the employees on your payroll as of 1 April to see if you need to get ready for Single Touch Payroll.
Employers with 20 or more employees:
Employers with 19 or less employees:
The ATO have produced the following summary factsheet as a handy resource:
For further information please contact MGA on 1800 888 479 or 03 9824 4111 (line 1).
This short video provides an overview of Single Touch Payroll.