Story image

Aus Govt urging payroll providers to prepare for new legislation

06 Mar 2018

The Australian Taxation Office (ATO) will write to employers in March 2018 advising them to take action to prepare for Single Touch Payroll (STP) – the next step in streamlining payroll reporting.

The letter will outline that from July 1, 2018, Australian employers with 20 or more employees will need to use STP-enabled software to report employees’ tax and super information to the ATO.

It will also detail the steps they will need to take to prepare for STP.

ATO assistant commissioner John Shepherd says Digital Service Providers (DSPs) should be prepared to provide advice and implementation support to employers in the lead up to July 1, 2018.

“Digital Service Providers play a vital role in ensuring their users have the right information at the right time to adequately prepare for Single Touch Payroll.

"It’s likely you’ll receive an increasing number of enquiries from current and prospective users in the coming weeks and months,” he says.

“As a first step, digital service providers should advise users when their product will be Single Touch Payroll-ready, and encourage them to visit the ATO website to download the ‘Get ready checklist’.

If you have applied for a deferral the ATO will issue you a letter which you can provide to your users to confirm the deferred start date.

“We know that some users may not be ready to implement Single Touch Payroll by July 1, 2018, or your deferred start date. They should apply for their own deferral.

“We’ll also continue working closely with digital service providers over coming months to ensure that Single Touch Payroll can be successfully implemented.”

As part of the new reporting system, employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO when they pay their employees.

The world loves smart speakers - and China leads the way
People across the world love their smart speakers – and we have AI assistants like Amazon Alexa to thank for the revolution.
Tech Data to distribute Nutanix backup solution in A/NZ
Tech Data will distribute HYCU Data Protection for Nutanix backup and recovery software to their network of partners across Australia and New Zealand.
Veeam releases v3 of its MS Office backup solution
One of Veeam’s most popular solutions, Backup for Office 365, has been upgraded again with greater speed, security and analytics.
What to expect from the Surface Hub 2S
Microsoft has released details about the next iteration of the Surface Hub featuring mobility, reduced weight and a 85in version in the works.
Gartner: A/NZ IT spending growth will surpass worldwide
2019 IT spending is expected to grow 2.2% in New Zealand, and 3% in Australia, far exceeding the 1.1% global average.
Failing to act on feedback holding back Aussie companies
More than half of Australians said organisations acknowledged feedback but failed to act on it, having an adverse effect on loyalty, Qualtrics says.
Informatica launches new AI-driven innovations
Informatica announced new features and AI-driven innovations across five key segments.
Hands-on review: The ruggedly tough CAT S61 smartphone
The driveway beckoned me, so I dropped the phone several times.  Back in the study, close examination has failed to reveal a single scratch.