Single-touch payroll – what you need to know

You submit payroll and superannuation data to the ATO each “PayEvent,” from within your payroll software. A PayEvent is each time you pay someone and generate a pay slip. Some of the data on the pay slip will be sent directly and electronically to the ATO. The year-to-date totals of gross wages and Pay As You Go Withholding tax, (PAYGW), for each employee being paid.

Key Takeaways:

• Single-Touch-payroll is passed through Parliment
• All employers with over 20 employees must use the Single-Touch-payroll System
• Single-touch-payroll to be implements on 1 July 2018

“You submit payroll and superannuation data to the ATO each “PayEvent,” from within your payroll software.”

https://insidesmallbusiness.com.au/planning-management/single-touch-payroll-what-you-need-to-know