Income Statement

What Does Tax Ready Mean?

Why an Income Statement may say Not tax ready and what to check before lodging.

Key point

Employers finalise payroll information after the income year. Tax ready indicates the employer has completed that finalisation.

Wait or contact the employer

If the status remains Not tax ready, ask the employer when finalisation is expected and compare the figures with payslips.

Risks of lodging early

Using unfinalised information can lead to differences and may require an amendment later.

Before you apply

Check that your information covers the correct Australian income year. Keep source documents and do not enter TFNs, passport numbers or bank credentials in ordinary messages.

This guide provides general information only. Tax outcomes depend on individual circumstances and current law. Check official ATO guidance or obtain personal assistance before lodging.