Brealey Quill Kenny Accountants would like to advise employers of changes to the way they will report their tax and superannuation to the Australian Taxation Office from 1 July 2018.
Who does it affect?
Employers with 20 or more employees will need to start using Single Touch Payroll-enabled software from 1 July 2018. If you have 19 or less employees, Single Touch Payroll reporting will be optional until 1 July 2019 and will then become mandatory from that date (subject to legislation being passed in parliament).
What is Single Touch Payroll?
Single Touch Payroll is a streamlined reporting system where the ATO can receive information such as salaries and wages, pay as you go (PAYG) withholding and super information from employers directly from their payroll solution at the same time they pay their employees.
What you need to do?
Do a headcount of the number of employees you have on 1 April 2018 to work out if you need to report to the ATO using Single Touch Payroll from 1 July 2018.
You will need to include the following employees in your headcount:
- Full-time and part-time employees
- Casual employees who are on your payroll on 1 April and worked any time during March
- Employees based overseas
- Any employee absent or on leave (paid or unpaid)
- Seasonal employees (staff who are engaged short term to meet a regular peak workload)
Do not include:
- Any employees who ceased work before 1 April
- Casual employees who did not work in March
- Independent contractors
- Staff provided by a third-party labour hire organisation
- Company directors
- Office holder
- Religious practitioners
Currently payroll software and service providers are updating their products and will advise you when they become Single Touch Payroll-enabled. You can start reporting when your payroll solution is ready. For more information to assist you with getting ready, please click Single Touch Payroll
Alternatively one of our Accountants at Brealey Quill Kenny based in Canning Vale, Perth will be able to answer any queries if you require any further assistance, please call our office on
08 9256 2777 or email admin@bqk.com.au