I have recently read in a tax newsletter, that the government will be simplifying tax and super reporting from 1 July 2016, by introducing Single Touch Payroll. Under this system, an employer's accounting software will automatically report payroll information to the ATP, when employees are paid.
This will eliminate the need to report PAYG Withholding on BAS and the need to issue annual Payment Summaries.
Would like to know whether the Development Team are planning software updates and client training, to meet this change.
Would also like to know the views of other CCs
Kym Yeoward
Darwin
