Hot Issues
spacer
Single Touch Payroll – 1 April 2018 Action
spacer
Property investors on notice after ATO spots false claims
spacer
ATO issues update on cryptocurrency compliance traps
spacer
Australia's vital statistics
spacer
Accountants spy elder abuse spike as mortgage stress sets in
spacer
Tax office releases fresh guidance on SMSFs
spacer
Labor's tax plans could favour the rich, analysis shows
spacer
FBT Reminder – Odometer Reading
spacer
Our website is really our digital office.
spacer
‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
spacer
Super changes: $1.6 million transfer balance cap and death benefit pensions
spacer
Payroll, compliance issues top dodgy practices in Aussie business
spacer
Employee travel expense deductions
spacer
The Goldilocks effect - Economic and market update 4Q 17
spacer
Tax assessments confirmed for undisclosed business income
spacer
Super returns on the up despite clients’ hesitation
spacer
Australia. All you need to know to be the expert.
spacer
Business confidence hits 5-month high: NAB
spacer
Caution advised on best interests duty with cryptocurrencies
spacer
$20,000 asset write-off renewed for another financial year.
spacer
SMSF compliance traps with bitcoin
spacer
Where Australia is at. Our leading indicators.
spacer
Foreign resident CGT withholding: early recognition of tax credit
spacer
ATO set to doorknock as 60% of cash-heavy businesses caught
spacer
New downsizing cap available
Article archive
spacer
Quarter 1 January - March 2018
spacer
Quarter 4 October - December 2017
spacer
Quarter 3 July - September 2017
spacer
Quarter 2 April - June 2017
spacer
Quarter 1 January - March 2017
spacer
Quarter 4 October - December 2016
spacer
Quarter 3 July - September 2016
spacer
Quarter 2 April - June 2016
spacer
Quarter 1 January - March 2016
spacer
Quarter 4 October - December 2015
spacer
Quarter 3 July - September 2015
spacer
Quarter 2 April - June 2015
spacer
Quarter 1 January - March 2015
spacer
Quarter 4 October - December 2014
Quarter 4 of, 2014 archive
spacer
FBT – Christmas Parties and Taxi Fares
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
 
 
AcctWeb