Single Touch Payroll was introduced in July 2018. The process is available through payroll, accounting and business management software.
Single Touch Payroll sends tax and super information from your payroll or accounting software to the ATO as you run your payroll. The main benefit of this new ATO initiative is to streamline your payroll process.
Depending on whether you have more or less than 20 employees, different dates and requirements are applicable to you. It can be complicated to understand and implement the new requirements so contact our friendly team at Focus Accountants to explore your options and obligations.
Read more with the ATO here – https://www.ato.gov.au/Business/Single-Touch-Payroll/About-Single-Touch-Payroll/