Single Touch Payroll is a reporting change for employers.CATEGORY: Article

It means employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to us directly from their payroll solution at the same time they pay their employees.

For employers with 20 or more employees, Single Touch Payroll reporting starts from 1 July 2018. The first year will be a transition, and penalties will not apply.

You may need to update your payroll solution to report through Single Touch Payroll.

The Australian Government has announced it will expand Single Touch Payroll to include employers with 19 or less employees from 1 July 2019.

These measures have not yet passed through parliament however we should be planning early to avoid stress.

LG Advice will continue to provide information to help employers understand what they need to do to get ready for Single Touch Payroll reporting.