How single touch payroll affects you
Single touch payroll system Melbourne
Single Touch Payroll will become mandatory on July 1st this year for employers with a headcount of 20 or more staff including casuals on 1st April 2018.
It becomes mandatory for all other businesses on July 1 2019.
This payroll system is a way of communicating gross wages, tax withheld and super for your employees directly to the ATO immediately after each pay run has occurred.
What this means is that you will need to use a payroll or accounting software that can talk directly to the ATO.
There will be some exceptions to this rule and give us a call or contact us to discuss in more details.
Regards : www.smartbusinessadvisors.com.au
