End of payroll year tasks

https://help.myob.com/wiki/x/xBfYB

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AccountRight Plus and Premier, Australia only

At the end of the payroll year, you simply need to make sure you've paid your employees up to June 30 and finalised your STP payroll reporting with the ATO.

First, make sure you're using the latest AccountRight version. This gives you access to the latest features and helps keep you compliant.

Need some guidance?

Learn everything you need to know about end of payroll year with our free eLearning. Also check our EOFY hub for key end of year dates and resources.

Task
1	Enter all pays up to 30 June. If a pay period spans the payroll year, it's the payment date that determines which payroll year it belongs to. Need a payroll refresher? If needed, fix any incorrect pays.
2	Check the year-to-date amounts you've sent to the ATO for the payroll year. You can do this in the Single Touch Payroll reporting centre (Payroll > Payroll Reporting > Payroll Reporting Centre). Learn about checking YTD totals
	If you terminated any employees during the year, make sure you've notified the ATO of the terminations.
3	Finally, let the ATO know you're done for the year by finalising your Single Touch Payroll information. Do this by July 14. Once you've finalised, your employees will be able to log into my.GOV to complete their annual tax returns.
4	If you haven't already, move to STP Phase 2.

What's 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 automatically for you, ready to use.

We've also made some changes to help you stay compliant with your superannuation obligations:

Superannuation guarantee changes from 1 July 2022

The minimum super guarantee rate increases to 10.5%. Find out how to automatically stay compliant
The $450 earnings threshold for super guarantee eligibility has been removed. Find out more

See you in 12 months...

End of financial year tasks

End of period procedures

Staying compliant with super guarantee rate increases

Removal of the $450 earnings threshold for super