The scope of the Payroll (PY) Special Interest Group (SIG) (PY-SIG) is limited to addressing the payroll-related functions for Australian employers that are governed by legislation, regulation and/or other compliance obligations from a software developers’ perspective. This covers the employment life cycle activities commonly referenced as hire to retire (H2R). However, superannuation is not in scope, as a separate and dedicated SIG is established to address that topic. Any superannuation issues may be forwarded to the Superannuation SIG to progress. The PY-SIG includes the Australian Taxation Office (ATO) Single Touch Payroll (STP).
STP proposes to reduce red tape by simplifying the administration of employee payroll, tax and superannuation requirements by employers. Significant changes are being designed for both employers and employees with the ‘on-boarding’ process being streamlined to determine what efficiencies can be gained as the ATO moves to a digital platform for all business interactions.
Digital ‘real time’ reporting within Payroll and HR are one of the main features of this initiative. By using compatible business software, employers will be required to communicate with a multitude of departments simultaneously to easily produce required information.
In order to meet the needs of this change, employers would need to use an approved software solution that delivers on all required obligations and the ATO would need to be ready to handle this type of reporting from all businesses.
It is proposed that STP will be available from July 2017 for early adopters and all organisations of 20 or more employees will be required to start transmitting via enabled software from July 2018.
We encourage you to join the SIG and be a part of the co-design process. For those members wishing to participate in this SIG please email email@example.com