EOFY STP REPORTS MYGOV SAYS NOT TAX READY FOR TERMINATED EMPLOYEES

Hi Sue_new_2_forum,

Thanks for your post and welcome here to the Community Forum. I hope you will find it to be a great resource and place of information.

Regarding your employees' concerns about their Income statements not being tax ready, we have a solution that may work for you. To start, check the Payroll reporting centre to ensure that the Final Indicator is ticked in the EOFY finalizations tab. Additionally, make sure that the finalization report shows a status of Accepted.

If the status is Accepted with errors or Rejected, fix the errors and finalize the report. If the status is already Accepted, it's best to reach out to the ATO to see what may be holding up the finalization process.

One of the common reasons we saw for reports being Accepted with errors this year was employees terminated before moving to STP Phase 2. This was due to the ATO requiring a termination reason in Phase 2 which wasn't required in Phase 1.

We hope this information is helpful. If you have any more questions or concerns, please don't hesitate to reach out to us. We are always here to assist you.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,
Leneth