Single Touch Payroll - Final Pay for the Financial Year

You need to make a finalisation declaration by 14 July each year.

For an employer with a mixture of both closely held payees and arms-length employees, the due date for end-of-year STP finalisation for closely held payees is 30 September each year.

You can finalise your data earlier if it's ready. The sooner you finalise your employees' information, the sooner they will be able to lodge their tax returns. Before making your finalisation declaration, make sure your STP information is correct.

You can finalise employees' pay through one of the following:

• By checking the Final Pay flag when you lodge the last pay run of the financial year, or
• By lodging an update type after the end of the financial year

Lodging the last Pay run of the Financial Year

Follow the next steps to lodge the final pay of the financial year:

• Access the Payroll from the application menu
• Generate the required pay run
• Click the STP upload button next to the required payroll
• Select Yes for the Final pay for financial year option
• Click Lodge STP Report

If you forgot to check the final pay flag, then you need to either send a replacement report "if the financial year has not passed", or send an update report "if the last day of the financial year has already been passed".

Lodging Final Pay for previous Financial Year

Follow the next steps to lodge the final pay of previously lodged financial year:

You can only lodge a final pay for previous financial year, if you have submitted STP during the financial year at least once! If you have not lodged any STP for that financial year, then you must lodge standard PAYG payment summary.

• Access the Payroll from the application menu
• Generate the required pay run
• Find the last pay run of the required financial year
• Click the STP upload button next to the required payroll

Final pay flag will be automatically checked for any previous financial year.

• Click Update STP Report