End of Financial Year

FY2016 ended! Have you checked your to do list?

Employers to do list:

 •  Payment Summaries
Have you paid employees this financial year? Don’t forget to provide them with their payment summary by 14 July – even if you didn’t
withhold any tax.

Payment summary specifies how much you paid them in the 2015-2016 financial year, and how much you withheld from the payments.

We can provide you with PAYG payment summary – individual non-business (NAT 0046), or you can obtain it from ATO website.

• PAYG withholding Annual report
Your annual report recording the wages, salaries and other work-related payments you have paid needs to be lodged by 14 August.

Did you know that lodging earlier benefits your employees?

ATO will use your information to prefill their tax return making it easier and quicker for them to lodge. Lodge your paperwork early this year and tick it off your list!

• Tax tables
Start the next financial year on the right track and check you’re using the current PAYG

withholding rates for your employees with our tax tables. You can also use ATO official tax

withheld calculator. More calculators are provided at the bottoms of our website.

• Superannuation
Your quarterly superannuation payments are due on 28 July. We can set reminders and alerts for important dates like this one.

Source of information: ATO Webside. Fore more information, please contact us on 02 9283 2888

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