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Over-Boots's avatar
Over-Boots
Experienced Cover User
2 years ago

Not Tax Ready

My staff are receiving messages on MyGov that our wages and tax information is "not tax ready."

Looking at posts on the communitiy forum the solution is for the finacial year has to be turned over.

I am very hesitant to do that this close to year end.

Is there another solution?

2 Replies

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  • Hello Over-Boots 

     

    For the payment summaries to be tax ready in your employees myGov, you will need to finalise the YTD amounts through STP.

     

    I have attached a Help Article on end of year finalisation through STP to step you through the steps so that your employee payment summaries will become tax ready. 

     

    Finalising the YTD amounts is different from closing the financial year.

     

    Please let me know how you go.

    • Over-Boots's avatar
      Over-Boots
      Experienced Cover User

      Now see what  to do, thanks for your help