Australia only At the end of the payroll year (EOPY), you simply need to make sure you've paid your employees up to June 30 and finalised your STP payroll reporting with the ATO. If needed, you can record a pay in July before finalising the previous payroll year. Just remember you need to finalise your payroll information with the ATO by July 14. UI Text Box |
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| Need some guidance? Learn everything you need to know about end of payroll year with our free eLearning, or watch the in-depth guided tour video to the right. Also check our EOFY hub (myob.com/eofy) for key end of year dates and resources. |
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| Your business should now be using Single Touch Payroll (STP) phase 2 reporting to stay compliant with the ATO. If you haven't moved to STP Phase 2 yet, get set up now. |
What happens now?That's it – you're done for another year! No need to prepare payment summaries (STP replaces the need to do this), and the 1 July tax tables have been downloaded for you, ready to use. We've also made some changes to help you Also, the super guarantee rate increases to 11% on 1 July 2023, but we have you covered – find out how to automatically stay compliant with your superannuation obligations. See you in 12 months... |