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END OF FINANCIAL YEAR 2024, KEY DATES, CHECKLIST AND INFO

Saving you time this end of financial year

Get ready for the end of the Australian financial year on June 30 by letting QuickBooks give you a helping hand with our end of financial year (EOFY) guide.


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Checklist

End of financial year checklist

The end of the financial year is an important time of the year when businesses need to ensure they have submitted all necessary reporting requirements to the ATO. Use our end of financial year checklist to stay organised and prepared for tax time.

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End of financial year explained

Overcome end of financial year fear and get set up for success in FY24/25.

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What is EOFY?

End of financial year (EOFY) is the time when Australian small businesses finalise their bookkeeping, lodge tax returns and plan for the new year.


Many businesses use accounting software like QuickBooks Online to automate EOFY tasks and maximise their tax return, and work with an accountant or tax agent to ensure they stay compliant with the ATO.

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EOFY deadlines

The tax year in Australia, ends on 30 June 2024 and you must lodge your taxes with the Australian Taxation Office (ATO) by 31 October 2024.

If you use a registered tax agent they can lodge it at a later date, but make sure to engage them by 31 October.

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Tax calendar

Please refer to the ATO website for finalised FY24 tax dates.

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Date

I'm Self-Employed

I'm Small business

Jun 21

Lodge your monthly BAS today.

Lodge your monthly BAS today.

Jun 30

It’s officially the end of financial year.

Get ready for tax time by organising your accounts to give to your accountant.

It's officially the end of financial year.

Super guarantee contributions (SGC) must be paid by this date to qualify for a tax deduction.

Start getting ready for tax time by inviting your accountant to view your QuickBooks Online account.

Jul 1

Happy new (financial) year!

Lodge your tax return anytime between now and October 31.

Happy new (financial) year!

Jul 14

If you're Single Touch Payroll (STP) reporting, payment summaries will automatically be made available for your employees through myGov as an income statement. Find out more at the Single Touch Payroll (STP) hub.

Jul 21

Your Q4 BAS is due today. If you use a tax agent, lodgement of BAS is extended.

Refer to dates here or speak to your tax agent.

Jul 28

Q4 BAS is due.

Pay your quarterly PAYG instalment notices today.

Pay your Lodge your quarterly PAYG instalment notices today. Use the ATO PAYG calculator for an estimate.

Q4 BAS is due.

Pay your quarterly PAYG instalment notices today.

Pay your superannuation guarantee charge (SGC) statement today.

Aug 21

Lodge your monthly BAS today.

Lodge your monthly BAS today.

Aug 28

Taxable Payments Annual Report due today.

Sep 21

Lodge your monthly BAS today.

Lodge your monthly BAS today.

Oct 21

Lodge your monthly BAS today.

Lodge your monthly BAS today.

Pay your annual PAYG withholding payment instalment today. That’s only if you're registered to pay annually.

Oct 28

Pay superannuation for eligible employees today.

Oct 31

If you are using a registered tax agent, the lodgement period is extended until 15 May of the following year.

If you are using a registered tax agent, the lodgement period is extended until 15 May of the following year.

Nov 21

Lodge your monthly BAS today.

Lodge your monthly BAS today.

Nov 28

Lodge your superannuation guarantee charge (SGC) statement today.

Pay your SGC from quarter 1 today.

Dec 21

Lodge your monthly BAS today.

Lodge your monthly BAS today.

Do end of financial year differently with QuickBooks

QuickBooks Online makes wrapping up the financial year easy. Automatically track and categorise your expenses, finalise payroll, and submit your small business tax return all from one place.

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Drive down your tax bill

Claiming back money on your driving? Don't miss a single trip. The QuickBooks mobile app lets you track every trip, then mark your journey as either business or personal.

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No more lost receipts

Snap receipts on the go with our app. We’ll extract the relevant data like date, amount, GST component and payment method—then match the details to an expense.

Effortlessly organised

Connect your bank accounts, credit cards, PayPal, and more to pull in income and expenses as they occur. Transactions are sorted, categorised and ready for year end account closing.

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Help when you need it

Select the Help icon from anywhere in QuickBooks Online and enter 'What do I need to do for the EOFY?'. Our Digital Assistant will walk you through the EOFY process in real time.

Find a tax professional to help with your EOFY

Share your finances in real-time with your accountant, bookkeeper or another user. Perfect for helping manage your end of financial year. Choose from our selection of qualified ProAdvisors with the skills your business needs.

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Want to know more about tax?

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Tax Return Due Date in Australia: What You Need to Know

Know key dates for tax returns in Australia. Learn with Quickbooks how to comply with your tax obligations and don't miss out on any deadline.

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How to Amend a Tax Return

All businesses are required to file tax returns, but what if you get it wrong? Learn how to amend your tax return with the ATO.

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What is the Instant Asset Write-Off?

The lead-up to the end of the financial year is the ideal time to determine if you can benefit from the Instant Asset Write-Off.

FAQs - Tax

Want to know more about payroll?

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Single Touch Payroll (STP) Software

QuickBooks single touch payroll software for small businesses simplifies payroll processing and is ATO approved and comes with Single Touch Payroll Phase 2 enabled. Try it for free!

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What are Marginal Tax Rates

Find out what is the marginal tax in Australia and know the marginal tax rates for foreign residents and working holiday makers. Learn how QuickBooks can help.

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ACT Payroll Tax Guide: Lodgment, Rate and Thresholds

Prepare for tax time with our Australian Capital Territory payroll tax guide. Learn more about how to register, rates, thresholds, due dates and lodgement.

FAQs - Expenses

EOFY RESOURCES | CHECKLIST FOR ACCOUNTANTS AND BOOKKEEPERS

Turn EOFY workload into workflow

Take the stress out of EOFY, boost your team’s productivity, and power through tax and BAS preparation and lodgements, with these guides and tips.

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Discover expert tips on improving your EOFY workflows, driving efficiencies with AI, and improving your EOFY onboarding process.


Guides

Discover expert tips on improving your EOFY workflows, fixing your tech stack and improving your engagements process.

Turning workload into workflow: Your ultimate guide to EOFY

Discover how a proactive approach to managing your clients, processes and technology will save you time and headaches this EOFY season.

Your EOFY checklist

A step-by-step checklist to help you close out the old year and prepare for the new one with the tools in the QuickBooks suite.

Driving Efficiencies with AI: A Starter Guide

Practical tips and case studies on integrating AI tools into your firm safely and effectively.

Ultimate guide to client onboarding

An effective onboarding process is critical as new clients come through the door during EOFY. We look at the steps involved.

FAQs