It's time to get ready for Single Touch Payroll

From 1 July 2018, if you have 20 or more employees, you'll need to use Single Touch Payroll-enabled software to report your tax and super information to us.

You'll need to report the following on or before your payroll pay day:

• employee payments such as salaries and wages
• pay as you go (PAYG) withholding
• super information.

To find out if you need to report through Single Touch Payroll, you'll need to do a headcount of the number of employees you have on 1 April 2018.

You can also ask a third party - like a payroll service provider or tax professional - to report for you if they use Single Touch Payroll-enabled software.

What's changing?

You may not need to provide payment summaries to your employees at the end of financial year when you report through Single Touch Payroll.

• Your employees will be able to see their year-to-date tax and super information through myGov.
• In the future, Single Touch Payroll information will be used to prefill your activity statement.

What you need to do

• Talk to your payroll software provider to find out when your Single Touch Payroll-enabled software will be ready.
• Ask your tax professional or payroll service provider how to get ready.
• Review your current payroll processes to see if they can be updated.
• Start developing an implementation plan.

For more information, please check out the link below:
​https://www.ato.gov.au/misc/communications/74793.500835M.html