What is Single Touch Payroll?

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Employers can work more efficiently on payroll reporting with the understanding of the meaning of Single Touch Payroll. If you're wondering what Single Touch Payroll is, it's an electronic reporting system approved by the government which reports payroll information for every pay period. Single Touch Payroll is defined as the way in which businesses will be reporting payroll information, including wages, tax withheld and superannuation, directly to the Australian Taxation Office. Single Touch Payroll software creates increased payroll accuracy, less paper, and easier ongoing compliance for all employers.