End-of-Year Finalisation Through STP
If you report through Single Touch Payroll (STP) and have not yet completed your 2025 end-of-year finalisation, please note that the due date is Monday, 14 July 2025.
To remain compliant with the ATO, a finalisation declaration must be lodged for each employee, confirming that your payroll information is complete for the financial year.
What you need to do
✔ Log in to your STP-enabled payroll software (e.g. Xero, MYOB)
✔ Submit the finalisation declaration for all employees
✔ Once finalised, employees will be able to access their income statements via their myGov account
Making a finalisation declaration
You need to make a finalisation declaration by 14 July each year to ensure your employees can access their finalised information to complete their tax returns.
If you can’t make a finalisation declaration on or before the due date, you will need to apply to the ATO for a deferral.
Helpful Resources for STP Finalisation
- ATO: End-of-Year Finalisation Through STP
https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/single-touch-payroll/start-reporting/end-of-year-finalisation-through-stp#ato-Makingafinalisationdeclaration - MYOB Users – Finalise STP in MYOB:
https://www.myob.com/au/support/myob-business/payroll/single-touch-payroll-reporting/end-of-year-finalisation-with-single-touch-payroll-reporting - Xero Users – Finalise STP in Xero:
https://central.xero.com/s/article/Finalise-Single-Touch-Payroll-data
Need help?
If you haven’t yet completed your STP finalisation or are unsure about the process, please contact our office on +61 3 9629 3023 as soon as possible, so we can assist before the deadline.