13/07/2026
📣 STP Finalisation: What Employers Need to Know
Single Touch Payroll (STP) finalisation is the end‑of‑year process where employers report the final wages, superannuation, and PAYG withholding for each employee to the ATO. Once lodged, these figures are locked in and used to pre‑fill your employees’ tax returns through myGov, showing their income statements as “tax ready.”
This applies to all employees you’ve paid and reported through STP — including casuals, terminated employees, and directors.
If you handle payroll, now’s the time to ensure your year‑end data is accurate and ready for finalisation. A smooth STP finalisation means your employees can lodge their tax returns without delay.