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.
Go to https://www.ato.gov.au/Business/Single-Touch-Payroll/ to watch a video on which employees you need to count.
If you have 20 employees or more, you need to review your payroll processing procedures to determine if your software can adapt to Single Touch Payroll Reporting.
Smart Biz HQ can assist with ensuring that you meet your payroll obligations. Ring us NOW!
Always happy to assist.