Don’t forget the last piece of the payroll puzzle for 2020!
Since the commencement of Single Touch Payroll (STP), employers are no longer required to provide employees with an Annual PAYG Summary (also commonly referred to as a Group Certificate). Employees will be able to obtain this information online through their myGov account.
As an employer you will however still need to complete the last piece of the STP “puzzle”. This involves completing what is now referred to as the ‘end of financial year finalisation declaration’.
For the 2019-20 financial year:
>>employers with 20 or more employees will have until 14 July 2020;
>> employers with 19 or less employees will have until 31 July 2020.
If you would like any assistance with completing your year end finalisation declaration please our office.