KEY DATES - 2025 End of Financial Year

Quick Action Guide: All the Key Dates and Deadlines for closing out your 2025 End of Financial Year

As the end of the financial year approaches, it's time to get a few important things ticked off your list. Acting early helps you stay compliant, maximise tax deductions, and start the new year with confidence. This proactive approach ensures a smoother transition into the new financial year.

 Action Required: Key Dates and Deadlines for closing out the 2025 End of Financial Year

Here’s a friendly reminder of what needs doing and when to make sure you meet all the KEY DATES - 2025 End of Financial Year

KEY DATES	ACTION REQUIRED
ASAP - do as soon as you can Update 4th July: if you haven't done these by now please get in touch	Employers: Pay Employee Superannuation: To claim a deduction this financial year, make sure you pay all your employee super asap. Important: Your super payment must be a cleared deposit in the Superfund bank account by 30 June 2025 to be deductible, so pay it early! SMSF: If your SMSF is in pension phase - Pay your Member Required Minimum Pension Payment asap. Note:  The money must be OUT of the fund bank account by 30.06.2025. Failing to meet these requirements can have adverse tax consequences, for your fund. Deposit Personal Super Contributions: To claim a contribution this financial year, make sure you deposit all your personal super asap. Important: Your super contribution must be a cleared deposit in the Superfund bank account by 30 June 2025 to be claimed, so pay it early!
Before 30 June 2025 Update 4th July: if you haven't done these by now please get in touch	Trusts: Document all your Trust Distribution Resolutions properly by 30 June to allocate 2025 income to your beneficiaries. Note: With recent ATO and legal updates, you’ll need to be careful if distributing to adult children and double-check that all beneficiaries listed in your trust deed are considered. Companies: Review any Div 7A loan repayments and think about declaring dividends if needed. Finalise and document any director fees or bonuses—you’ll need an authorised resolution. Raise and document inter-entity management fees (and make sure they’re commercially reasonable). All Businesses: Do a stock-take (if needed) Write off bad debts and scrap obsolete assets. Raise invoices for inter-entity management fees and ensure you have the necessary agreements in place. Check your eligibility for the $20,000 Instant Asset Write-Off and make any purchases before 30 June. Scrap any obsolete equipment. Prepay tax deductible expenses and make relevant purchases (like rent or insurance) where it makes tax sense. Review any capital gains and offset with capital losses if possible. SMSF: Ensure all tax deductible expenses are paid. Note: Always remember to retain invoices and receipts as evidence of any fund expenses paid.
1 July 2025	Employers: Update your payroll software to reflect the Super Guarantee rate increase to 12% from 1 July, increasing from 11.5%.
14 July 2025	Employers: Finalise Single Touch Payroll (STP) Reporting for the financial year. Note: Remember to report any Reportable Fringe Benefits over $2,000 per employee
21–28 July 2025	Employers: Lodge Payroll Tax Annual Reconciliation: Submit your annual payroll tax reconciliation (check each state-specific deadline). Pay Quarterly Super Guarantee: Ensure timely payment of the quarterly super guarantee due for April 25 – June 25.
28 August 2025	All Businesses: Lodge Taxable Payments Annual Report (TPAR): If you hire contractors, make sure to lodge your TPAR by this date. Note: This applies to industries like building and construction, cleaning, courier, and more.

Want help navigating all these KEY DATES?

We're here to support you through every step of EOFY and beyond - please reach out if you'd like help reviewing your setup, getting your resolutions right, or making strategic year-end moves.

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