For years payroll has been languishing in the wilderness, but with the introduction of Single Touch Payroll (STP), it will now finally be front and centre. Single Touch Payroll is moving payroll functionality from the Accounting backwaters and will change the way we look at payroll forever. Payroll is equally important whether you are an employee or an employer. It is just as important to business as Accounting but has the added responsibility of being integral to employees.
We recently ran a Single Touch Payroll Small Business Pilot in conjunction with the ATO at their Brisbane Co-Design Centre. We also had a WebEx remote session for those who were unable to join us at the Co-Design Centre. We are extremely delighted with the amazing feedback we received. We have always been very passionate about the benefits that Single Touch Payroll will provide both employees and employers, so it was great to hear that same positivity projected from the Pilot
You should only have to make minimal changes to your current business processes. The whole idea behind Single Touch Payroll is to streamline your existing payroll process and to reduce the administration burden. As a result of Single Touch Payroll there will be simpler reporting obligations. So what is going to be different for my Business? You will be will be able to report pay as you go (PAYG) withholding and superannuation information directly to the ATO at the same time y
e-PayDay® are taking part in the Single Touch Payroll Small Business Pilot in conjunction with the Australian Taxation Office. The pilot is for Small Businesses with 19 or less employees. The aim of the Pilot is to assist in identifying the benefits to small business and any areas that can be improved. If you have less than 20 employees, currently use e-PayDay® and would like to participate then please complete this survey. e-PayDay® are part of the Single Touch Payroll consu
Do you often question whether your Superannuation is being paid correctly or paid at all? Do you want to check what your have earned and how much tax you have paid? Do you want easy access to your Payment Summaries at the end of the financial year no matter who your employer was? Your questions will be easily answered! All of these questions will be easily answered when your employer is using a Single Touch Payroll enabled solution. Because Single Touch Payroll reports in "re
Single Touch Payroll (STP) reporting legislation was introduced into Parliament on 31 August 2016 which has now passed both houses and received Royal Assent. What is Single Touch Payroll? It is a move to cut red tape for employers by simplifying tax and superannuation reporting obligations and to provide savings to businesses. Single Touch Payroll is a government initiative that enables businesses and employers to report (real time) staff salary and wages (including ordinary