Are you prepared for the implementation of single touch payroll on 1st July, as highlighted in previous editions of S & W Insight? Ensure your readiness by consulting reliable accountants in Sydney.
Employers with over 20 employees must provide real-time reports to the ATO of all employee-related payments (i.e. salary and wages, SGC contributions, ordinary time earnings of employees and PAYG withholding amounts).
The reports are to be provided to the ATO in the approved format. This should be done through your accounting software, as most accounting software has been upgraded to satisfy the new ATO requirements. This new requirement makes no change to the due dates for payments.
If you are unsure what is required, don’t hesitate to contact your client manager.
Kreston Stanley Williamson Team
*Correct as of June 2018
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