Forum Discussion

Jen_M's avatar
Jen_M
Experienced Cover User
3 years ago

STP Phase 2 - transition after EOPY 2021

Hi,   We are planning on changing to STP 2 from 1 July.  Will we need to finalise payroll for 2020-2021 (in STP 1) before we changeover?   Thanks, Jenny
  • Sam_R's avatar
    Sam_R
    3 years ago

    Hi Jen_M,

     

    Thank you for your post.

     

    You can change over to STP Phase 2 anytime before our deferral date - 1 January 2023.

     

    If you wish to transition from 1 July, you don't need to finalise your payroll before doing this.

     

    If you have any further queries on this, please let me know. 

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Jen_M's avatar
Jen_M
Experienced Cover User

Hi Sam_R ,

 

I understand that we can transition to STP 2 at any time.  However, I have been told recently that if we transition to STP 2 before finalising wages for 2021-2022, we will then need to finalise our 21-22 payroll in STP 2 using STP 2 reporting.  Is this correct?  We are still reporting under STP 1 to the end of this month and will have new payroll categories for the disaggregation of gross for STP 2.

 

Thanks,

Jenny

Sam_R's avatar
Sam_R
Former Staff
3 years ago

Hi Jen_M,

 

Apologies for the delayed reply. 

 

Correct! If you were wanting to finalise your 21-22 payroll in STP Phase 1, you'll have to transition to STP Phase AFTER you've finalised.

 

If you had any further queries, please do reach out.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.