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Global outlook summary: Down but not out
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Bookkeepers remind on incoming TPRS obligations
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Golden Rules for Deductions
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How's Australia going - vital statistics?
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Tax, SMEs set to be ‘political football’ in 2019 as election nears
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Cap lifted on popular financing option for clients
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Expiry of 900,000 interest-only loans set for January
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Australian Taxation Office (ATO) Scam Alert: Fake Demands for Tax Payments
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Tax Office sounds alarm on popular property strategy
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Our Advent calendar for 2018
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‘Please do not panic’: ATO boss addresses STP concerns
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Stop!! Don't do a paper Budget, use our online budgeting tools instead.
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Employee Christmas Parties and Gifts – Any FBT?
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Behavioural Coaching and your financial plans
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FBT – Christmas Parties and Taxi Fares
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Information needed to be the BBQ expert.
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Tax consequences of trust vesting
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Fringe Benefits Tax (FBT): employees’ private use of vehicles
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ATO to contact clients over bank details
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ATO claws back $850m in unpaid SG in FY 17-18
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Appetite for property in SMSFs shows signs of life despite tough market
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Superannuation gender gap narrowing, research shows
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Identification numbers for directors
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How financial advice helps create wealth.
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Australia's vital statistics
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Unlocking equity crowdfunding in Australia
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$20m boost for SME clients looking to exporting
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Work-Related Expenses
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ATO updates crypto guidance
Article archive
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Quarter 4 October - December 2018
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Quarter 4 October - December 2014
Single Touch Payroll – 1 April 2018 Action

Single touch payroll will be a compulsory reporting requirement for employers.

         
 
It means employers will report payments such as salaries and wages, pay as you go withholding (PAYGW) and super information from their payroll solutions at the same time they pay their employees, directly to the Australian Taxation Office (ATO).
 
For employers with 20 or more employees, Single Touch Payroll reporting starts from 1 July 2018.
 
While the system starts 1 July 2018, the obligation is triggered on 1 April 2018.
 
The 20 or more Headcount is done on April Fools Day!
 
The following employees need to be included within the Headcount:
 
  • Full-time employees
  • Part-time employees
  • Casual employees who are on your payroll on 1 April 2018 and worked any time during March
  • Employees based overseas
  • Any employee absent or on leave (paid or unpaid)
  • Seasonal employees engaged regularly.
 
When performing the headcount, the following are not included:
 
  • Any employees who ceased work before 1 April
  • Casual employees who did not work in March
  • Independent contractors
  • Staff provided by a third-part labour hire organisation
  • Company directors
  • Office holders
  • Religious practitioners
 
 
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