From 1 July 2018, businesses with 20 or more employees will need to use Single Touch Payroll-enabled software to report the tax and super information to the ATO. They may not need to provide payment summaries to their employees at the end of financial year when they report through Single Touch Payroll. Also the employees will be able to see their year-to-date tax and super information through myGov.
Feel free to ask our tax professional accountants how to get ready for this change and start developing an implementation plan!
