Where's my Payment Summary?!.. I Can't Do My Income Tax Return!!
Payment summaries are no longer handed over to you at the end of the financial year anymore.
There is now a new way that your Boss needs to deal with your Income each pay, which is by reporting your income directly to the ATO as soon as you get paid throughout the year, this is known as an 'Income Statement'.
In July, your boss will click a button to say it’s your final payment for the year, once that's done you can lodge your 2020 Online Income Tax Return!
Note: If you have also received Centrelink payments e.g. JobSeeker, you will need to wait until Centrelink uploads your income information (usually around mid-July) to the ATO before lodging your 2020 Income Tax Return Online.
So, when you have everything ready to go, head over to Gotax to start your 2020 Online Income Tax Return!