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I did contact the phone centre and got a vague answer. I've given up the issue because our tax accountants have advised that if the ATO is accepting us as STP 2 compliant, we have no concern.
But I think others may have a similar question, and I think an explicit answer is warranted here for others to see as well.
How and when is TFN data (6 digit tax code) reported from MYOB/Account right to the ATO?
Hi, I have the same question. What was the solution?
- SAM_Vet3 years agoExperienced Cover User
From a Myob page ( Enter employee payroll information - MYOB AccountRight - MYOB Help Centre ) -
"Once you're on STP Phase 2, a new employee's tax details will be sent to the ATO when you declare their first pay run from AccountRight, so you won't need to submit a TFN declaration."
Please note - the information is apparently submitted to the ATO on the FIRST pay run ONLY; subsequent changes (eg newly taken student debt) are apparently not reported. But as long as you are withholding correctly, that shouldn't be a problem.
We have been advised by our tax agents/accountants (quite a large, reputable firm), that even though we don't need to send the TFN Declaration to the ATO, and even though we collect the required information through our HR system, we still need to keep a physical copy of the form for each employee. Quite stupid, but there you go.
This tax agent also confirmed that as long as the ATO accepts our STP 2 reports, we have met our reporting obligation to them.
Hope this helps.
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