Single Touch Payroll 2019
Employers will be required to report on payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information each time employees are paid.
The Single Touch Payroll initiative introduced by Australian Taxation Office last July has now been extended to employers with 19 or less employees to commence 1 July 2019.
For a detail outline of what you can do to prepare for the change, click here.
If you require any assistance in respect to the new initiative, contact your Hood Sweeney Accounting & Business Advisory Relationship Manager and representative+ or Matthew Bartemucci+ on 1300 200 764.
+Representative of Hood Sweeney Accounting & Business Advisory
AFSL No. 485569
ABN 30 007 696 595