Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
July 3, 2020
Question

In my final pay event, I manually marked all my employees as "is final". I can't lodge a Finalisation Event. Will an Income Statement still be issued to these employees?

  • July 3, 2020
  • 1 reply
  • 1 view
No text available

1 reply

July 5, 2020

Hi Adrian17,

 

As soon as an event is lodged and an employee is marked as 'is final' you're communicating to the ATO that this is the final payment being made to the employee for that financial year - by doing this you have essentially conducted a finalisation event for that employee. As such, an Income Statement will still be made available in the employees' MyGov accounts with the YTD information reported in the final pay event.

 

-Kass