Upcoming Employer Obligations for EOFY: Your Guide to Staying Compliant in 2025

As the end of the financial year approaches, many business owners feel the pressure of looming deadlines. Missing key compliance dates can lead to penalties, unnecessary stress, and extra admin. With the right preparation, you can meet all requirements on time and position your business for a strong start in the new year.

Key Employer Obligations to Action Now

The Australian Taxation Office (ATO) has outlined several important requirements for employers in the weeks ahead. Staying on top of these ensures your business remains compliant and avoids last-minute scrambling.

  1. Super Guarantee (SG) Contributions – Due 28 July
    • Pay all SG contributions in full, on time, and to the correct fund.

    • For the quarter ending 30 June, apply the 11.5% SG rate for salary and wage payments made before 1 July.

  1. Super Guarantee Rate Increase – From 1 July
    • The SG rate rises to 12%.

    • This new rate applies to salary and wage payments on or after 1 July, even if part of the pay period is in June.

  1. PAYG Withholding Updates – From 1 July
    • Some withholding schedules and tax tables will change.

    • Update payroll software promptly to ensure the correct amount of tax is withheld, reported, and paid.

  1. Single Touch Payroll (STP) Finalisation – Due 14 July
    • Lodge your STP finalisation declaration for all employees paid during the year, including terminated employees.

    • Ensure your employees have accurate data to lodge their tax returns.

    • If switching payroll software providers, finalise your records before making the change.

 

Expert Perspective: Why Timely Compliance Matters

Meeting these deadlines is not just about avoiding penalties. Timely compliance protects your business reputation and supports positive relationships with your employees. For example, paying SG contributions late can mean missed earnings for your team and additional charges for you. Likewise, accurate STP reporting helps your employees lodge their tax returns without delays, boosting confidence in your business operations.

Consider the case of a growing retail business that delayed updating payroll software after the SG rate change. Within weeks, errors in superannuation payments created administrative headaches, requiring hours of corrective work. This could have been avoided with proactive system updates in June.

How to Stay Ahead of Compliance

To make this EOFY smooth and stress-free:

    • Review your payroll settings before 1 July

    • Schedule SG payments ahead of the 28 July deadline

    • Cross-check your STP records for accuracy before lodging finalisations

    • Keep a checklist of ATO updates and ensure your systems reflect them

Your Trusted Partner for Compliance Success

Meeting end-of-year obligations can be straightforward with the right guidance. Aero Accounting Group works closely with business owners to ensure compliance, streamline payroll processes, and prepare for legislative changes before they take effect.

If you want expert support in navigating these upcoming obligations, book a consultation with Aero Accounting Group today. Together, we will help you meet every deadline and set your business up for success in the year ahead.

 

Need help?

Not sure if your current accountant is a good long-term fit? Contact us at Aero Accounting Group today and we’ll help you minimise your taxes and maximise your profits

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