Difference between revisions of "Single Touch Payroll"
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Single Touch Payroll is a reporting change for employers in Australia. It starts from 1 July 2018 for employers with 20 or more employees. | Single Touch Payroll is a reporting change for employers in Australia. 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 | + | You will report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information from PinvoiceR each time you pay your employees. |
| − | Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019 | + | 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). |
From the ATO Website " During the first 12 months that you report through STP you will be exempt from an administrative penalty for failing to report on time. This is unless we have first given you written notice advising that a failure to report on time in the future may attract a penalty." | From the ATO Website " During the first 12 months that you report through STP you will be exempt from an administrative penalty for failing to report on time. This is unless we have first given you written notice advising that a failure to report on time in the future may attract a penalty." | ||
Revision as of 02:37, 24 June 2018
About
Single Touch Payroll is a reporting change for employers in Australia. 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 PinvoiceR 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).
From the ATO Website " During the first 12 months that you report through STP you will be exempt from an administrative penalty for failing to report on time. This is unless we have first given you written notice advising that a failure to report on time in the future may attract a penalty."
