END OF FINANCIAL YEAR UPDATE 2022/23
This financial year, People 2U is reporting through Single Touch Payroll (STP). This means we are no longer required to provide you with a payment summary.
Instead, you’ll receive an income statement, which you can access through your ATO online service via myGov or your accountant should be able to access this information for you.
Your income statement will show your year-to-date salary and wages, the tax that has been withheld and the reported amounts of your employer super. Your income statement/s will be ready to use in your tax return when it’s marked as ‘Tax ready’.
People 2U has until Friday 14 July, 2023 to finalise and have income statements ready.
It is important that you do not use any information until it is marked ‘Tax ready’ as People 2U, or any of your other employers, may finalise your income statement with different amounts which means you may have to amend your tax return. We will send a notification to your myGov inbox when all of your income statements are ‘Tax ready’.
How to Access your Income Statement:
If your myGov account is set up and linked to ATO online services, you need to:
- Log into your myGov account using your email address or mobile phone number
- Select ATO online services
- Select ‘Employment’ and then ‘View my Income Statement’
- On the screen you will see the income you have earned from your employer/s for the financial year, and the tax that has been withheld.
If you can’t access your information via myGov, contact the ATO on 13 28 61 for a copy of your income statement.
If after 14 July, 2023 you still haven’t received your 2022/23 income statement, please contact People 2U’s payroll team on 1300 728 222.
More information is available on the ATO website here or at the following link: https://www.ato.gov.au/Individuals/Jobs-and-employment-types/working-as-an-employee/access-your-income-statement/