Single Touch Payroll Reporting Requirements

Sep 1, 2016 | Accounting, Accounting & Tax

Simon Flowers


Legislation was introduced in September 2016 which will have another change in payroll requirements for those employers who employ 20 or more individuals (not FTE’s). The aim of the legislation is reducing administration requirements and automated reporting to the ATO. The requirements apply from 1 July 2018 and the test of whether you are affected or not will take place on 1 April 2018. It is anticipated that these requirements will be rolled out to smaller businesses once the large business reporting is bedded down.

The real affect of this requirements is the ATO will have access to real time data from large employers through their payroll systems. Employers will need to make sure their payroll systems are up to date to ensure these requirements will be met post 1 July 2018. This may also mean an increase in questions and ultimately audit activity by the ATO in relation to PAYG withholding and Super Guarantee obligations.

If you require further information, please do not hesitate to contact us.

Related insights

Christmas accounting – your XMAS FBT guide!  

Christmas accounting – your XMAS FBT guide!  

With the silly season well and truly upon us, many businesses are looking to recognise and reward their staff’s efforts with a Christmas Party. This can be a great way to bring the team together and to celebrate successes in an informal and festive way. It’s important...

read more

Subscribe for the latest news + updates

Get in touch to explore your opportunities with an LBW expert and discover your journey to a better financial future.