ATO Employer Reminder – STP Data Needs to Be Finalized for 2020

by | Jul 6, 2020


A reminder has been issued by the ATO to employers reporting through STP (Single Touch Payroll). That applies to just about every employer, assuming that deferral or exemption isn’t involved. Employers need to have payroll information finalized for the income year of 2020. They must do so through a declaration.

Finalization declaration due dates are as follows:

  • July 14, 2020, for companies that have 20 employees or more; and
  • July 31, 2020, for companies that have 19 employees or less.

Employers that use STP for finalization do not need to offer employees payment summaries. An annual ATO payment summary report does not require lodging, either.

Instead, employees can access payroll information using either ATO services online or through a tax agent (registered). They can do this to prepare tax returns for 2020.

Note to the editor: if you need more information about STP data finalization, kindly get in touch with our office.


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The material on this page and on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this page and on this website is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs.

Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this page and on this website are for illustrative purposes only.

Although every effort has been made to verify the accuracy of the information contained on this page and on this website, Chan & Naylor, its officers, representatives, employees, and agents disclaim all liability [except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.


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