Obtaining a PAYG payment summary for an employee when employer is using STP
I would like to be able to obtain and print out an employee's PAYG payment summary (ATO now calls these Income Statements) from Xero. I am using STP. Employee does not agree to ATO's terms and conditions in MyGov so can't obtain the PAYG Payment Summary from there and ATO was resistant to posting it to the employee but when finally agreed to do so said it would take 4 weeks!
RALPH AUDEHM
shared this idea
Hey Ralph, it's not possible in Xero to access and print out income statements from an employee's MyGov account.
Whilst much of the information in an Income Statement comes from the STP filed as an employer, this doesn't allow us to access or provide income statements to employees through Xero.
In these cases we'd really recommend working with the ATO for a resolution, as they'll need to confirm the income statement is 'Tax Ready'.
More on income statements can be found on the ATO website.
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Freya Pieroz
commented
When you're doing your STP finalisation, you can view a report on the individual's STP Year-to-Date Summary, which shows all the information you've sent to the ATO via STP regarding this employee. From there, you can export the report to PDF and this will give the employee almost everything that would be on their income statement.
(I note that it currently does not include the business' information (such as the business ABN) and it obfuscates the employee tax file number for privacy reasons)
Print it out and sign it, write on it the date that you printed it, and note whether or not you've submitted the STP finalisation to the ATO yet, and this should be sufficient for the employee.