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July 24, 2020
Question

With using single touch payroll, do I still need to give my employees payment summaries at end of financial year?

  • July 24, 2020
  • 1 reply
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1 reply

Steven_Product Champion
July 24, 2020

Hi eroshair,

 

Thanks for contacting Intuit Quickbooks Online. Unless your business has applied for an exemption from reporting STP for the financial year, your employee's payment summaries (now known as income statements) will be published to their online MyGov portal for them to access once the Finalisation Event is submitted. You can click here to see how income statements have changed for businesses via the ATO website. You can click here also for a step by step guide for creating and lodging a Finalisation Event or here if you need to amend your Finalisation Event after lodging. 

 

-Steven