Forum Discussion

sarem280687's avatar
5 months ago

STP NOT SET UP FOR 1 EMPLOYEE (DIRECTOR OF COMPANY)

Hi,

I have just logged in to MYOB to work on some end of financial year tasks.

The company has only 1 employee - who is a Director of the company.

He has entered all his weekly pays but I did not realise STP was not set up (i have now rectified).

PAYG was reported and paid on the Quarterly Activity Statement and all super paid.

How do i declare the wages for EOFY?

1 Reply

  • Hi sarem280687,

     

    Finding out STP wasn’t set up until you’re smack in the middle of EOFY tasks can feel overwhelming but having PAYG and super sorted already means you’re off to a good start. 

     

    For payroll reporting, only the pays processed after enabling STP will be sent through the STP. This means you can’t directly send those earlier pays for EOFY via STP, although it really depends on your situation. If you’re about to process a new pay with STP switched on, the YTD (year-to-date) figures you enter with that first STP-enabled pay run can actually include those previous pays. Here are some handy guides that walk you through the options when it comes to reporting EOFY:

    Cheers,

    Princess