Since the implementation of single touch payroll (STP) reporting, employees' year-to-date tax and super information is sent directly to the ATO as each payrun is finalised, and is available to employees almost immediately in ATO online services through myGov.
The Marlin HR EOY close-of process finalises the information for the tax year and sends a "Final" STP submission to the ATO that triggers income statements in your employees' myGov accounts to change status to 'Tax Ready' from 1st July, ready for use in employee tax returns.
Payment Summaries are no longer required or produced.
It is not mandatory to have a myGov account, but features of STP will only be available to you if you have one.
You will be able to contact the ATO on 13 28 61 for a copy of your payment information if you do not have a myGov account.
Creating & Using a MyGov Account
If you have not created a myGov account, visit my.gov.au, select ‘Create an account’ at the bottom of the homepage and follow the prompts.
When your account is set up, you can add a range of services – including “Australian Taxation Office”.
Access Income Statements through myGov:
Log in to myGov using your email address or mobile phone number.
Select “Australian Taxation Office” under “your services”.
This will take you to a new page.
On your screen you will see “view my income statements”, click on this or click “income statements” under the “employment” tab at the top of your screen.
On the screen you will see the income you have earned from your employer or employers for the financial year, and the tax that has been withheld.
Tax Returns
Your income statement/s will be ready to use in your tax return when it has been marked as 'Tax ready'.
It is important that you don't use any information that is not marked 'Tax ready' as we may finalise your income statement with different amounts which means you may have to amend your tax return.
The ATO will send a notification to your myGov inbox when all of your income statements are 'Tax ready'.