End of Financial Year


The end of the financial year (EOFY) always seems to come around very quickly, so what does that mean for businesses?


  • Wages Declaration needs to be lodged with Workcover by the 31st August and paid by the 16th September to receive a discount.  Payment instalments are also available.
  • Payrolls must be finalised and filed with the ATO by the 14th July. Since the introduction of Single Touch Payroll (STP), Payment Summaries and Group Certificates are no longer.

    Everyone now has a Mygov account. Through this portal, every employee has access to their “Income Statement”. This replaces the old school Payment Summaries and Group Certificates.
  • Although SG Payments are not due until the 28th July, to claim the tax deduction, they need to be received by the 30th June. So, you should pay your April, May, June contributions by the 24th June.
  • For those Industries required to lodge Taxable Payments Reporting System (TPAR’s), the due date for lodgement is the 28th August.
Darling Downs Bookkeeping Company EOFY

Darling Downs Bookkeeping Company


ABN 41 894 025 630

BAS Agent No 25971058


Level 1, 16 Prescott Street

Toowoomba Qld 4350

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