VISION BEYOND BUSINESS  |
11/06/2019

STP: Changes To Issuing Payment Summaries

Est. Reading: 2 minutes

Due to the implementation of Single Touch Payroll (STP) during the 2018/19 year how your employees receive their end of financial year information has changed.

Your employees will no longer be issued with a payment summary. This information will now be called an income statement and is available via their myGov account. Their income statement can be accessed by logging in to myGov, selecting ATO online services, clicking on ‘my profile’, select ‘my employment’, and then ‘income statement’.

If your employees use a registered tax agent this information will automatically be provided to them from the ATO.

If your employees don’t use a registered tax agent and don’t have a myGov account, they can access useful information and create an account at ato.gov.au/onlineservices, or alternatively contact the ATO on 13 28 61 for assistance.

We have included a sample letter you can provide to your employees to advise them of the change, download it here: Sample Letter

Please see the sample letter text below:

Dear <Insert Employee Name>

Annual Payment Summaries
Due to the implementation of Single Touch Payroll (STP) during the 2018/19 year how you receive your end of financial year information has changed.
You will no longer be issued with a payment summary. The information that was previously provided on your payment summary is now called an income statement and is available via your myGov account. 
You can access your income statement by

-logging in to myGov

-select ATO online services

-click on my profile

- select my employment

- select income statement

If you use a registered tax agent this information will automatically be provided to them from the ATO. 
If you don’t use a registered tax agent and don’t have a myGov account, you can access useful information and create an account at ato.gov.au/onlineservices, or alternatively contact the ATO on 13 28 61 for assistance.

Kind Regards, 

<Insert name, position, job title>

 

If you're a Vision Beyond Business client and you need to discuss these changes, please don't hesitate to contact our office.

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