Once you start reporting to the ATO using Single Touch Payroll (STP), employees can see their Year-To-Date tax and super information online. The YTD information is readily available in myGov all year round.
If employees use a tax agent, their agent will also have access to this information.
The YTD information employees see throughout the Financial Year may not always align with the data in an employer's payroll software – for example, when the reported information needs correcting in the next pay event.
It is not mandatory for employees to have a myGov account; however, one is required to access the information online throughout the year.
It's easy to create a myGov account, with online help available. Once it's set up, employees can link their myGov account to a range of government services, including the ATO.
The ATO will notify the Employees myGov inbox when all their Income Statements are 'Tax ready'. Employers must submit their final financial year event to the ATO using Single Touch Payroll. If you set up STP last financial year (FYE 2019) in e-PayDay, follow our STP End Of Financial Year Survival Guide.
The ATO has also produced a handy Factsheet (PDF) that you can provide your employees..
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