August 2017 - Update
Employers with 20 or more employees will need to start reporting through Single Touch Payroll from 1 July 2018.
Employers will be able to report salary or wages, pay as you go (PAYG) withholding and super guarantee information directly to the ATO from their payroll solution, at the same time they pay their employees.
The ATO is working with solution providers including EmpowerHR to implement Single Touch Payroll through Standard Business Reporting (SBR) software using the SBR2 channel.
It is likely that Fusion5 will work with an intermediary to provide this service for our payroll products including EmpowerHR.
NOTE: This is subject to change as the ATO have not finalised the full requirements across all the components of STP - payroll events, employee commencement events, update events, and superannuation reporting.
June 2017 - Update
Single Touch Payroll is a government initiative to streamline business reporting obligations.
From 1 July 2018, employers with 20 or more employees will be required to report salary and wages, pay as you go (PAYG) withholding and super information to the ATO from their payroll solution at the same time they pay their employees. There will also be options for employees to complete tax and super forms online.
We are currently reviewing the ATO’s scope of requirements and determining what development work will be required in EmpowerHR and then scheduling that development work.
Once we have completed the analysis and planning we will be able to provide a further update to our customers. We have an ATO development account manager who will be assisting us to work through the Single Touch Payroll development requirements.
We are planning for a legislative release of EmpowerHR in April / May 2018 to cater for Single Touch Payroll requirements.