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Single Touch Payroll Design Update Kim McCall, Director, Single Touch Payroll Business Engagement Forum: Agenda item 11a 22 June 2016Purpose Draft design principles Summary of Payroll Data Elements
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How to fill out single touch payrollfasttrack360
How to fill out single touch payrollfasttrack360
01
Log in to your fasttrack360 account.
02
Navigate to the Payroll module.
03
Click on the STP (Single Touch Payroll) option.
04
Fill out the required employee information such as name, address, TFN, and wages.
05
Verify the information entered is accurate and submit the STP report.
Who needs single touch payrollfasttrack360?
01
Employers who need to report employee payroll information to the ATO (Australian Taxation Office) are the ones who need single touch payrollfasttrack360.
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What is single touch payrollfasttrack360?
Single Touch PayrollFastTrack360 is a government initiative in Australia that requires employers to report their employees' payroll information to the ATO each time they pay them.
Who is required to file single touch payrollfasttrack360?
All employers in Australia are required to file Single Touch PayrollFastTrack360 if they have 20 or more employees.
How to fill out single touch payrollfasttrack360?
Employers can use payroll software that is Single Touch Payroll compliant to fill out and submit their payroll information to the ATO.
What is the purpose of single touch payrollfasttrack360?
The purpose of Single Touch PayrollFastTrack360 is to streamline the reporting of payroll information to the ATO and ensure that employers are meeting their taxation obligations.
What information must be reported on single touch payrollfasttrack360?
Employers must report information such as salaries and wages, PAYG withholding, superannuation contributions, and other employee details.
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