

Transparent reporting requirements: Single Touch Payroll
Employers with more than 20 employees are now required to report their employees’ tax and super to the Australian Taxation Office each pay cycle; under changes known as single touch payroll. The purpose of this new system is attempting to streamline the way payroll is reported. This intends to provide greater connectivity and transparency between businesses and the Australian Taxation Office. Reporting can be completed utilising the company’s accounting software which sends t