Category: EOFY

2026 EOFY Super Contributions

It’s that time of the year again! If you want to claim a tax deduction for your employee super contributions in the 2026 financial year, or if you are managing your own super caps, the cash must hit the superfund’s bank account by 30 June.

Because clearing houses and superfunds love to muck around with the moolah for a few days, processing deadlines are tight. To guarantee the payments clear in time, all super payments in Xero need to be authorised by Friday 19th June 2026.

The standard compliance deadline for the April–June quarter is still 28 July 2026 if you don’t need more deductions this financial year. Chat to your accountant about the tax benefits of bringing the payment forward into June.

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2026 EOFY

Time is flying, and the 2025/2026 financial year is nearly over.
EOFY deals are great for salespeople hitting targets, but are they right for your bottom line?

Before you make any last-minute business purchases, you need accurate data.

Preparation is the secret to a stress-free tax season.
Make sure to lean on your qualified & licenced tax accountant for specific advice, and for everything else bookkeeping… sing out!
Here is what we need to action together right now to get you sorted before 30 June:

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June 2026

June is a massive month for business owners, don’t let International Panic Day live up to its name – we’re making sure to balance the hard work with some fun celebrations and a long weekend for the King’s Birthday! 👑

Mark these critical dates in your calendar:
June 19th – Authorise super to claim it for the 25/26 financial year! 💰
June 22nd – May IAS due.
June 30th – EOFY!! 

Keep calm, eat a donut on the 5th, and let us take care of the June 30th countdown for you. 🧾

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Is your Little Red Wagon towing a surprise tax bill?

Is you Little Red Wagon owned by your business? Don’t crash into an unexpected Fringe Benefits Tax liability!

The FBT year ends next week and there are 3 things to think about:
-personal usage (have you got a logbook to document percentages?)
-would an EV be a sensible investment (right now? yeah fuel is $$%!)
-odometer reading on Tuesday night or Wednesday morning (to make paperwork less bad)

Speak to your accountant about potential FBT expenses now.

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2025 TPAR due soon

If you pay subcontractors, you may need to lodge a Taxable Payments Annual Report (TPAR) by 28th August.
Its a bit like lodging group certificates – no extra payment is required, you just need to report on total payments made during the last financial year.

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2025 EOFY payroll – due today

Annual ‘STP Finalisation’ needs to be filed with the ATO by today. (This replaces providing Payment Summaries/Group Certificates to your staff.)
Your team will not receive any documentation from you, they will be able to access details in their MyGov account once the finalisation has been completed – it may take an extra day or two to work through the system.

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2025 EOFY payroll

Annual ‘STP Finalisation’ needs to be filed with the ATO by 14th July. (This replaces providing Payment Summaries/Group Certificates to your staff.)
Your team will not receive any documentation from you, they will be able to access details in their MyGov account once the finalisation has been completed.
We will reconcile payroll accounts and prepare STP Finalisation report for authorisation to lodge with the ATO in early July for all of our clients.
Keep calm – its only EOFY

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Keep Calm on International Panic Day

End of Financial Year is approaching at full speed!
Keep Calm and work with your team of accounting experts to ensure a smooth ride.
We’ve stared down a heck of a lot of year ends and we’ve got our systems and checklists lined up to do it all over again. Let us know if you’d prefer to sit back with a cuppa and let us manage it for you.

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End Of Financial Year timeline

What does the EOFY timeline look like?
You need to get your accounts up to date now and chat to your accountant about tax planning
Keep calm, its only End Of Financial Year!

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2025 EOFY Super Contributions

To qualify for a tax deduction in the 2025 financial year, or if you are managing your super cap, cash needs to reach the superfund and they need to complete the paperwork by 30th June. Payments from Xero need to be authorised before Friday 20th June as superfunds muck around with the moolah for days or weeks.
The usual final deadline of 28th July still applies if you choose to not make an early payment.

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