How to Complete STP Finalisation STP Phase 2
This workflow should be followed at the end of the tax year to complete the finalisation of your Single Touch Payroll reporting for the tax year for all employees.
All Pay Runs must be completed for the tax year before doing the STP Finalisation process.
You must complete this checklist for each Payroll Number.
This checklist must be completed in full (all steps and the exact order) before the Year End Reset is run.
To complete this checklist, you will need:
The MTD/YTD Summary Report from your final pay run of the tax year
Details of Reportable Fringe Benefits amounts to be entered
Item | Process | Details |
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1 | Create an Update Event |
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2 | Identifiers from Previous Payroll System | This option will only be available when it has been enabled by your payroll implementation project manager. Selecting this option will advise the ATO to link the Business Management System ID and Employee Codes from TASS.web to the Business Management System ID and employee Identifiers from your previous payroll system. This option must only be done used when the year income and tax withheld balance from your previous payroll system have been loaded into TASS.web as opening balances. Tick this box and enter the 'Previous BMS ID'. Click 'Go'. Only employees with a previous payroll ID will be included in this event. A previous payroll ID is defined in Payroll > Employee Information > Employees. Select General tab. It should only be done ONCE for each employee. | |
3 | Generate Employee Data |
To include all current and terminated employees, do not make any selections in this screen. |
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4 | Check Totals |
Some ETP Payments are not be included in gross. |
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5 | Enter reportable fringe benefits and other amounts |
The mostly likely use for this would be to enter Reportable Fringe Benefits either in the 'FBT Amount' field or in the 'Exempt FBT Amount' field. The 'Grossed Up' value should be entered. This program can also be used to:
As the Fringe Benefits Tax Year (1 April to 31 March) does not coincide with the STP Tax Year (1 July to 30 June), you may have a situation where an employee does not have an STP record (eg. employee was terminated in last tax year) but you need to report a Fringe Benefit Amount for the 3 month period prior to the start of this STP Tax Year. The likely scenarios and procedures to handle this would be:
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6 | Re-check Totals | If changes have been made in Step 4 above, re-run the Employee Event Listing and check. |
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7 | Tick Final Flag |
By setting this 'Final' flag you are declaring that the employees will not receive any more pays in this tax year. |
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8 | Transmit to ATO |
You must check that the 'Status' is 'ATO Accepted'. |
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