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Preparing your employee payment summaries
Employers have until 14 July 2020 to provide employees with their payment summaries
You must give each of your employees a payment summary at the end of the financial year. The payment summary must show the wage payments you have made to them and the amounts of tax you have withheld from those payments. You may need to include any reportable fringe benefits or reportable superannuation contributions prior to finalising. Payment summaries should be provided to your employees by no later than 14 July 2020.
It is important that you provide payment summaries to all your employees, even if you were not required to withhold any tax. You are still required to include these payments in your payment summary annual report that you send to the Tax Office.
Before issuing your payment summaries ensure all pay runs have been processed and bank entries have been reconciled to 30 June 2020.
Your PAYG payment summary statement must be lodged with the Tax Office by 14 August 2020 (if you're not having us lodge this on your behalf).
If you would like assistance with preparing your 2020 Payment Summaries or would like to register for STP then make sure you contact us as soon as possible.
It is important that you provide payment summaries to all your employees, even if you were not required to withhold any tax. You are still required to include these payments in your payment summary annual report that you send to the Tax Office.
Before issuing your payment summaries ensure all pay runs have been processed and bank entries have been reconciled to 30 June 2020.
Your PAYG payment summary statement must be lodged with the Tax Office by 14 August 2020 (if you're not having us lodge this on your behalf).
If you would like assistance with preparing your 2020 Payment Summaries or would like to register for STP then make sure you contact us as soon as possible.