The cut-off dates for Single Touch Payroll implementation are July 1st, 2018 for substantial employers of over 20 employees, and July 1st, 2019 for those businesses with under 20 staff. You will need to know your headcount by April 1st, 2018.
We have made a handy list detailing exactly how to count your employees on April 1, 2018. You can read it here.
You don’t need to know the number of employees your business employs throughout a whole year. The headcount refers to employees employed on the 1st of April, as listed here. If you have more than 20 employees on this date, you will need to continue reporting as a substantial employer, even if your employee count drops.
Your business will still need to submit a BAS, but both sections W1 and W2 will be already be automatically completed.
You will indeed be able to change these auto-filled sections.
As employees will be able to access the information you submit to the ATO via their MyGov, PAYG summaries should no longer be necessary. However, this is yet to be confirmed by the ATO.
This shouldn’t be required anymore, but again the ATO needs to confirm this.
As long as your payroll solution has updated, you can commence using STP guidelines.
You will need to ensure that your in-house payroll solution is updated to reflect the changes by the cut-off date.
The ATO has recommended that all businesses employ a payroll solution to keep up with the changes. You can find out more about Single Touch Payroll ready solutions here.
Yes, your third-party or outsourced payroll provider can report the Single Touch Payroll details to the ATO for you. Just make sure they’re across all the changes and are reporting correctly to ensure that your business doesn’t get penalised.