There is so much involved when hiring a new employee and it can be easy to get lost in the paperwork.
Tax File Declaration Form
The TFN declaration can be completed through the ATO online services, which will provide both the ATO and the employer with the information needed. The catch with this is that the employee will have to have their myGov account linked to the ATO. However, a majority of employees will already have a myGov account for their Medicare.
Once the new employee has linked their myGov account to the ATO they can:
- access ATO online services
- go to the ‘Employment’ menu and
- select ‘New employment’ and complete the form.
Completing the TFN declaration this way reduces the need for double handling paperwork as the details are sent straight to the ATO. This will free up your time as an employer with one less bit of paperwork to complete.
What information do I need?
What if I don't have a myGov account?
Employees that can’t create a myGov account or don’t have access to the internet? Fret not! Employers can continue to use the current process of paper TFN declarations.
Choose Whitson Dawson for accounting you can trust
Looking for friendly and trustworthy accountants in Mackay? Look no further than Whitson Dawson. We’re a family-owned business that prides itself on delivering outstanding services to our wide range of valued clients. From consulting and taxation advice to estate planning and auditing, you can trust us for honest, professional service exceeding expectations. Contact us today on (07) 4957 2985.