Single Touch Payroll | SapphireOne ERP Accounting Software
Summary
The employer must report the year-to-date values of gross salary or wages, allowances or other payments (as relevant), deductions and PAYG withholding for each employee included in each pay event. As a result, businesses will no longer be required to complete payment summaries at the end of the financial year as it will have already been done and available to employees through myGov. Errors: Common errors often relate to incorrect data in the employee records, for example Date of Birth, Postcode or Suburb are missing, or invalid Tax File Number. If you receive ATO message relating to these fields, correct the data, select the Pay run and ‘Resubmit’. Note: After your final payrun and you have reconciled for the year, tick ‘Final Pay of the financial year”.
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