Gone are the days of paper based submission and lengthy processing times. Employees can complete tax file declaration forms using their myGov linked ATO account.

Once your new employees are logged into the ATO portal, all they need to do is navigate to Employment > New Employment and complete the designated form. No input will be required on the employer’s side, as the form will be sent straight to the ATO.

If you have payroll software like Xero, the details of the form will be uploaded automatically to employee profiles once approved by the ATO. Otherwise, the employee can print out the form upon completion for you to enter manually to your software of choice.

The New Employment form can also be used to authorise changes to the amount of tax or medicare levy that is withheld, or to advise of a new super fund. The form can also be used to update tax circumstances, such as a change in residency status, the fulfilment of a government study or training loan, or a modification to the tax-free threshold option.

Alternatively, employers are still able to submit paper TFN declarations if they prefer, or if the employee cannot access/create a myGov account.

Get in touch if you need any assistance.