Checklist

As an employer you need to:

  1. provide payment summaries to your employees by 14 July
  2. lodge your PAYG withholding payment summary annual report
  3. check you’re using tax tables applying from 1 July 2015

 

Payment summaries

You should provide payment summaries to all employees even if you didn’t withhold any tax, and include the details in your annual report.

Annual report

You can lodge your annual report online using:

  • ATO Business Portal, or
  • Standard Business Reporting (SBR) enabled accounting or payroll software.

One of the advantages is online checking, so you can correct mistakes before you submit your report.

Lodging your annual report online as soon as you provide payment summaries to your employees makes it easier for them to lodge their tax returns. We use your information to pre-fill their tax returns on myTax or e-tax.

Standard Business Reporting (SBR) enabled software can help reduce time preparing payment summaries. SBR uses employee and payroll information already in your software. Once completed and verified, you send the report electronically to the ATO from your software.

Tax tables

We’ve published the updated tax tables that apply from 1 July 2015, so make sure you’re using the correct PAYG withholding rates. You can also use our tax withheld calculator. You may need to check with your software provider if an update is needed to your software.

Source: https://www.ato.gov.au/Newsroom/smallbusiness/Employers/July-checklist-for-employers/?sbnews20150707