Thank you for visiting our Partner Zone. This area is an exclusive space for MYOB Partners. Find out how to Partner with MYOB.
June - last edited June
I have just registered a business for STP but our first payrun was done prior to this registration. I have read that on our next pay run the YTD figures will be updated though my problem is that our next pay run will be after July 1st.
How does one update the previous pay run before EOFY? Is it a case of doing a dummy pay run with nil figures?
Thanks in advance.
Solved! Go to Solution.
Yes you can do $0 pays to update the YTD amounts with the ATO and then do STP EOFY Finalisation.
Or you could provide payment summaries and lodge an empdupe for this FY and start STP in July.
I will prepare and lodge 2018/19 payment summaries as pays were done manually - I am trying to process a 1.7.19 pay today 30.6.19 because the client is on holidays and I want to email her details for payment and it wont let me - says only 2017 and 2018 payroll supported
A payrun with a payment date of 1 July falls into the 19/20 FY. If you are using Essentials you will need to wait until the payroll year rolls over to process a July pay.
Within MYOB Essentials, the payment date on the payroll transaction determines which timeperiod the pay transaction falls into. If the payment date falls into the new payroll year you will not be able to record the pay until the real world date passes the end of the current payroll year
a month ago
Can I do more than one pay run in a month?
I am self employed and take out pay on a non regular basis ;-)
a month ago
Hi, thanks for your reply.
I rather start this financial year. Easier in the long run.
So can I simply take out wages a few times a month and then do one payrun a month?
a month ago
STP must be reported the day before or on the day payment is made so if you are withdrawing wages you need to process a payrun and declare it each time. In future years there will be penalties for late report lodgement.
If you are going to choose to report through STP this way it might pay to apply for a Recurring Deferral with the ATO to give you a few extra days to send your reports.
The reason the ATO allow closely held employees to report quarterly is because, like you, they don’t always get paid a set amount each pay period or withdraw the same amount each month. Quarterly reporting means you will just have to report the amounts you have withdrawn each quarter.