The ATO has extended the normal cut off for end of year reporting of Payroll info until the 31st of July for this year.
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Single Touch Payroll (STP) changes how you report your employees’ end of financial year (EOFY) information to your employees and the ATO.
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You no longer need to provide your employees with a payment summary for payments reported through STP. You will have until 31 July to ‘finalise’ your employees’ EOFY payroll information through your STP enabled software for the 2018-19 financial year. You can finalise this information as soon as it is ready after 30 June.
You are no longer required to lodge a payment summary annual report for the amounts reported through STP as long as you complete the finalisation declaration by the finalisation date.
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You need to tell your employees:
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you will not be providing them with a payment summary
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their payment summary information will be called an income statement and is available in ATO online in myGov
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they will need to log into their myGov account, select ATO online services, select Employment and then Income statements to access this information
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if they use a registered agent to lodge their income tax return, their agent will be able to access their income statement information directly from the ATO
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if they don’t have access or cannot create a myGov account and don’t use a registered agent they can call us on 13 28 61 and we’ll provide this information to them.
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If your employees need help creating or logging in to their myGov account and linking to ATO’s online services, ato.gov.au/onlineservices
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