Single Touch Payroll

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

For the clients who have 20 employees or above on your payroll book. In the new financial year, 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

 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.

 Talk to JFT Partners to find out more and get ready to the changes.