AU EOFY


Our team will be helping you get ready for EOFY.
On this page, you will find links to helpful articles, guides, and videos to help you through your busiest time of the year.

Table of Contents

Find what you're looking for fast.

What you need to know for End of Financial Year.

We've broken down what you need to do for a hassle-free End of Financial Year.

EOFY Webinar

Save your seat for our Level Up Your Compliance webinar.



  Further webinars will be announced soon..

  FAQs and How-To's

Below are some EOFY FAQs and how to do some of the tasks you need for a successful End of Financial Year.

Read the most frequently asked questions that are coming to our team.




We've compiled some of the best practices to prepare you for End of Financial Year.



Click to view our guide to resolving common errors and discrepancies that can arise during your EOFY process.



We strongly urge businesses to lodge an update event (for each pay schedule) in preparation for EOFY. This will allow you to easily reconcile your data prior to your finalisation event and determine if there are any areas that need addressing prior to completing EOFY processing.



View this guide to ensure your system and employee settings are all correct. We also walk you through how to run a highly recommended RESC audit.



View our step-by-step guide on how to complete the end-of-year Reconciliation in Employment Hero.




View our step-by-step guide on how to process finalisation events using the EOFY wizard in the platform.




Watch our video outlining the STP finalisation process.



Click to view our practical guide to help you submit support requests in the best possible way, for the quickest possible resolution during this busy time.

Hot Tips  

Some things to note for EOFY.




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There are 10 common reasons you may experience issues when lodging an STP event, that can be classified as a Validation Warning or Lodgement Error. View our blog to find out more.




There are several tutorials you can access that walk you through understanding the impact of STP Phase 2 reporting requirements.




If you are connected to both Employment Hero HR and Payroll platform, remember that the HR platform is your source of truth. Check out the list of fields that sync automatically from HR to Payroll.

EOFY Video Library


  Please note that while the platform in these videos display the 2023/24 FY, the processes mentioned remain the same.


 EOFY Calendar


  From August to April, we recommend running a reconciliation monthly. This will ensure a smooth End of Financial Year process. Click the button below to learn how to run a reconciliation.

May
  15
  • Partnership & Trust Income tax returns are due to be lodged. Company income tax returns are due to be lodged and paid.
    • 2024 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June concession, are due to be lodged.
  • Companies and super funds are due to be paid (if required).

    Helpful Hint

    Individuals and trusts in this category pay as advised on their notice of assessment.

  21

  • April 2024 monthly Business Activity Statement (BAS) is due to be lodged and paid.
  • Final date to add new Fringe Benefit Tax (FBT) clients to your client list to ensure they receive the lodgement and payment concessions for their fringe benefits tax returns.
  • Fringe Benefit Tax (FBT) Annual Return is due to be lodged and paid if lodging by paper.

  28

  • Fringe Benefit Tax (FBT) Annual Return is due to be lodged and paid if lodging electronically.
June

  5

  • Tax return for all entities with a lodgement due date of 15 May 2025 if the tax return is not required earlier and both of the following criteria are met:
      • non-taxable or a credit assessment in the latest year lodged
      • non-taxable or receiving a credit assessment in the current year.

    Helpful Hint

    This includes companies and super funds but excludes large/medium taxpayers and head companies of consolidated groups.

  • Tax returns due for individuals and trusts with a lodgement due date of 15 May 2025 are due to be lodged, provided they also pay any liability due by this date.

    Helpful Hint

    This is not a lodgement due date but a concessional arrangement where failure to lodge on time (FTL) penalties will not apply if you lodge and pay by this date.

  21

  • Lodge and pay May monthly Business Activity Statement (BAS) if lodging monthly.

  25

  • Fringe Benefit Tax (FBT) Annual Return for tax agents is due to be lodged and paid if lodging electronically through the practicioner lodgement service (PLS).

  30

  • The financial year ends today! Prepare for end of financial year (EOFY).
  • Pencil's down....time to wrap up your books for the 2024/25 financial year!
July

  1

  • A new financial year begins today!
  • Individual income tax returns are due from now until 31 October if preparing and lodging yourself.
  • Sole trader/self-employed tax returns are due from now until 31 October if preparing and lodging yourself.
  • Partnership tax returns are due from now until 31 October if preparing and lodging yourself.
  • The Superannuation Guarantee Contribution (SG) percentage increases to 11.5%, effective for all pay runs with a date paid on or afer 1 July 2025. The maximum quarterly contribution base also increases to $65,070.

  14

  • For employers not submitting via STP, Pay As You Go (PAYG) payment summaries will need to be issues to employees (as the employer).

    • Helpful Hint

    This is in myGov for your employees if reporting with STP.

  21

  • June 2025 monthly Business Activity Statement (BAS) to be lodged and paid if lodging monthly.

  28

  • Quarter 4 (April - June) 2025 quarterly Business Activity Statement (BAS) to be lodged and paid if lodging quarterly.
  • Super Guarantee Contributions (SGC) for Quarter 4 (April - June) 2025 are due to be paid.