We recommend that you send all tax return information to us through your myprosperity account.
myprosperity uses bank level data encryption to keep your data secure.
Your unique password protected account also stores your information for future access. This ensures you meet your substantiation requirements.
Last year there were some changes to the way tax information was sent to you.
These changes have come about due to the ATO’s drive toward electronic exchange of information and the ongoing focus on data matching.
Single touch payroll (STP) was a major change to employer payroll reporting. STP means your information is now available digitally.
Some of the changes were:
We are able to access much of this information from the ATO via prefilling.
But we ask that you collect your information to ensure that the information used to prepare your tax return is correct.
Not all the information will be available in early July. Employers need to finalise the STP reporting and then your myGov ATO account will say ‘tax ready’.
Sending your information via myprosperity is easy.
If you have questions or require assistance uploading your information please get in touch!