1300 760 930 Customer Login
Aug 2018

Single Touch Payroll

August 20, 2018
Capify Australia

What is single touch payroll?

Single touch payroll is causing quite a stir in the Aussie business world. But what is it and why is it important to be across it? We have put together a helpful guide on all things ‘single touch payroll’ so you can be fully versed in what this new tool means for your business.


Single touch payroll in summary

Essentially single touch payroll is the new ATO reporting system for Aussie businesses. The goal of this new system is to achieve:

  • On time payment to employees
  • Real-time monitoring and reporting to the ATO


Single touch payroll leaves the way businesses calculate staff payments exactly the same. Change kicks in at the moment your payroll is processed. Once your payroll processing is done, you send all required payroll information directly to the ATO – every time you run your payroll. That means the ATO receives up-to-the-minute reporting on:

  • PAYG withholding
  • Superannuation
  • Salaries and wages
  • Salary for return to work payments
  • Unused leave
  • Termination of employment


Sound tricky? It doesn’t have to be. Existing payroll systems like Xero and MYOB can have single touch payroll reporting built in, so the whole process can be streamlined and simple.


Who does single touch payroll affect?

Right now, as a small business owner, you can choose whether or not to bring single touch payroll on board in your business. Not so for larger businesses. From 1 July, all businesses with 20 or more employees must use single touch payroll to report to the ATO on all things payroll.


That said, single touch payroll is definitely worth considering. For starters, it goes a long way to free you up from time spent on administration and payroll, so you can spend more time on your business. Other benefits include:

  • Less paperwork
  • Simpler reporting obligations
  • Greater visibility of key payroll information


Another factor to consider is that the ATO is looking into rolling single touch payroll out as a reporting requirement of small businesses too. So getting your payroll program single touch payroll ready is a good move. Capify small business loans can help you with the costs associated with the transition to single touch payroll.


Or call 1300 760 930 to speak with one of our friendly Lending Consultants now.

More like this

Mar 2019

How to Improve your Business From Zero to Hero in 5 Steps

March 20, 2019
Capify Australia

Your business is well and truely underway and you’re now starting to reap the rewards of your hard earned investment, congratulations! Feeling the benefits and watching your hard work and dedication come to fruition is an extremely satisfying time for any new business owner! If you are ready for the […]

Mar 2019

What the royal commission findings mean for small business.

March 14, 2019
Capify Australia

Small business funding is getting a shake-up and it is good news for both SMEs and alternative lenders. The Royal Commission has taken a two-part approach to improve the lending playing field for small business, by: acknowledging that the Australian Banking Association (ABA) Code of Banking Practice is the chief […]

Mar 2019

Understanding Business Capital

March 6, 2019
Capify Australia

Starting a small business can be an overwhelming experience. There are many things to consider at the start of a new venture, one of which is how you are going to finance your new business and all of the associated costs. Finding the right business capital lender should be on […]


Apply anytime, anywhere

  • No application fee
  • No obligation
  • See how much you qualify for

Still have questions?

See our FAQs

Chances are someone else has had the same question and the answer will be in our FAQs.

Call us

Call us between
8:00am – 6:00pm (AEST) Monday – Friday

1300 760 930

Copyright © 2019 AUSvance LLC trading as Capify. All Rights Reserved.