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dankapep(Initiate)Initiate
14 May 2026

If an employer processes a termination for an employee before the end of the financial year, can the ATO make the employee’s income statement “tax ready” before the employer has finalised payroll year-end processing and marked all employee income statements as tax ready?

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31 views
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YellowPotato(Taxicorn)Taxicorn
14 May 2026

No. Finalisation is the Tax Ready


https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/single-touch-payroll/start-reporting/end-of-year-finalisation-through-stp

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dankapep(Initiate)Initiate
14 May 2026

That is my understanding, but I have been told that the income statement was tax ready before it was finalised in the payroll system.

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Can the ATO make an income statement from an employer tax ready. | ATO Community