{"id":17185,"date":"2026-05-04T17:54:15","date_gmt":"2026-05-04T12:24:15","guid":{"rendered":"https:\/\/befreeltd.com\/au\/?p=17185"},"modified":"2026-09-10T09:38:43","modified_gmt":"2026-09-10T04:08:43","slug":"eofy-checklist-for-australian-small-business","status":"publish","type":"post","link":"https:\/\/befreeltd.com\/au\/resources\/blogs\/eofy-checklist-for-australian-small-business\/","title":{"rendered":"EOFY Checklist 2026: A Complete Guide for Australian Small Businesses"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"17185\" class=\"elementor elementor-17185\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a2b9dcf e-flex e-con-boxed e-con e-parent\" data-id=\"a2b9dcf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-977a3dd elementor-widget elementor-widget-text-editor\" data-id=\"977a3dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The end of the financial year is one of the busiest periods for Australian small businesses. It is a lot to organise with the 30 June deadline fast approaching, including tax obligations, superannuation, payroll finalisation, bookkeeping reconciliations &amp; asset write-offs to name a few.<\/p><p>This EOFY 2026 checklist breaks down each key task into practical steps that help business owners, bookkeepers, and finance managers close the financial year on time and on budget without last-minute scrambles.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b725cb7 elementor-widget elementor-widget-heading\" data-id=\"b725cb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why EOFY Preparation Matters for Small Businesses<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81fca1e elementor-widget elementor-widget-text-editor\" data-id=\"81fca1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The weeks leading up to 30 June are a compliance crunch for many small businesses. Missing key deadlines, failing to reconcile accounts or overlooking deductions can result in:<\/p><ul><li>Overpaid tax because of missed deductions<\/li><li>ATO penalties for late superannuation or payroll tax obligations<\/li><li>False financial reports are impacting business decisions.<\/li><li>Having trouble getting finance, as lenders require current financials.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad8c797 elementor-widget elementor-widget-text-editor\" data-id=\"ad8c797\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>With the right preparation, EOFY can help tighten finances, review performance, and prepare the business for a stronger new financial year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74e4fea elementor-widget elementor-widget-heading\" data-id=\"74e4fea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key EOFY 2026 Dates at a Glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7386dd1 elementor-widget elementor-widget-text-editor\" data-id=\"7386dd1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Deadline<\/strong><\/p><\/td><td><p><strong>Obligation<\/strong><\/p><\/td><\/tr><tr><td><p>30 June 2026<\/p><\/td><td><p>End of the 2025\u201326 financial year<\/p><\/td><\/tr><tr><td><p>30 June 2026<\/p><\/td><td><p>Last day to action EOFY tax planning strategies<\/p><\/td><\/tr><tr><td><p>30 June 2026<\/p><\/td><td><p>Trust distribution resolutions must be in place<\/p><\/td><\/tr><tr><td><p>1 July 2026<\/p><\/td><td><p>Payday Super commences, new payroll obligations begin<\/p><\/td><\/tr><tr><td><p>14 July 2026<\/p><\/td><td><p>STP finalisation deadline for most employers<\/p><\/td><\/tr><tr><td><p>28 July 2026<\/p><\/td><td><p>Q4 BAS lodgement due (if quarterly)<\/p><\/td><\/tr><tr><td><p>31 October 2026<\/p><\/td><td><p>Tax return lodgement deadline (self-lodgers)<\/p><\/td><\/tr><tr><td><p>31 March 2027<\/p><\/td><td><p>Tax agent lodgement extended deadline<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf2361c elementor-widget elementor-widget-heading\" data-id=\"cf2361c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EOFY Checklist: Tax and Deductions\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-455becd elementor-widget elementor-widget-text-editor\" data-id=\"455becd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Your tax position before 30 June may change how much you pay in taxes. Such steps must be completed or reviewed before the financial year ends.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50846a1 elementor-widget elementor-widget-heading\" data-id=\"50846a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Review All Deductible Business Expenses\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27c2d58 elementor-widget elementor-widget-text-editor\" data-id=\"27c2d58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Make sure all legitimate business expenses of the financial year are logged before 30 June. This includes invoices you haven&#8217;t entered into your accounting system yet. Common small business deductible expenses are the following:<\/p><ul><li>Office supplies and stationery<\/li><li>Professional development and training costs<\/li><li>Business insurance premiums<\/li><li>Subscriptions to business-related software or publications<\/li><li><a href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/deductions-you-can-claim\/work-related-deductions\/cars-transport-and-travel\/motor-vehicle-and-car-expenses\" target=\"blank\" rel=\"nofollow\"><strong>Motor vehicle expenses<\/strong><\/a>\u00a0(using logbook or cents-per-kilometre method)<\/li><li><a href=\"https:\/\/www.ato.gov.au\/individuals-and-families\/income-deductions-offsets-and-records\/deductions-you-can-claim\/work-related-deductions\/working-from-home-expenses\" target=\"blank\" rel=\"nofollow\"><strong>Home office expenses<\/strong><\/a>\u00a0calculated using the ATO fixed rate method.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-750a903 elementor-widget elementor-widget-heading\" data-id=\"750a903\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Prepay Deductible Expenses Where Possible\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70e8aaf elementor-widget elementor-widget-text-editor\" data-id=\"70e8aaf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Small businesses on the cash basis of accounting can deduct expenses by prepaying certain expenses before 30 June. Common prepayment strategies are rent, insurance or interest paid for 12 months prior to the financial year ending. For small businesses, the ATO allows immediate deductions for prepaid expenses under 12 months.<\/p><p>Check out\u00a0<a href=\"https:\/\/befreeltd.com\/au\/resources\/blogs\/small-business-tax-deductions\/\">small business tax deductions<\/a>\u00a0for a quick introduction to what you can and cannot claim.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-289ad6b elementor-widget elementor-widget-heading\" data-id=\"289ad6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Instant Asset Write-Off<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e1d3fc elementor-widget elementor-widget-text-editor\" data-id=\"5e1d3fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tIf your business bought eligible assets in the financial year, check whether the\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/income-deductions-and-concessions\/depreciation-and-capital-expenses-and-allowances\/simpler-depreciation-for-small-business\/instant-asset-write-off\"target=\"blank\" rel=\"nofollow\">instant asset write-off<\/a>\u00a0applies. The 2025-26 threshold means that businesses with a combined annual turnover of less than $10 million may immediately deduct the full amount of eligible depleting assets. The first used assets must be functional by 30 June 2026.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6256f0 elementor-widget elementor-widget-heading\" data-id=\"a6256f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EOFY Checklist: Superannuation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdbc9fe elementor-widget elementor-widget-text-editor\" data-id=\"cdbc9fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tSUPER is one of the most compliance-sensitive areas at EOFY and one of the most commonly missed. Incorrect or late super payments attract a non-deductible\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/super-for-employers\/missed-and-late-super-guarantee-payments\/the-super-guarantee-charge\"target=\"blank\" rel=\"nofollow\">Superannuation Guarantee Charge (SGC)\u00a0<\/a>plus interest and admin fees.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d91a31 elementor-widget elementor-widget-heading\" data-id=\"1d91a31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ensure Q4 Super Contributions Are Paid by 30 June<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84d26e3 elementor-widget elementor-widget-text-editor\" data-id=\"84d26e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tFor the 2025-26 financial year, superannuation contributions must be received by the employee&#8217;s super fund and not just sent by 30 June 2026 to claim a deduction. Set aside sufficient time for clearing-house processing.\n\nIt is also the final year of the quarterly super regime. From 1 July 2026,\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/super-for-employers\/payday-super\/about-payday-super\"target=\"blank\" rel=\"nofollow\">Payday super<\/a>\u00a0kicks in, requiring super to be paid on each pay cycle instead of quarterly.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-253e114 elementor-widget elementor-widget-heading\" data-id=\"253e114\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Check the Super Guarantee Rate\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-721febe elementor-widget elementor-widget-text-editor\" data-id=\"721febe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For FY2025-26, the SG rate is 11.5%. It grows to 12% from 1 July 2026. Update your payroll system to reflect the new rate from the first pay run of the new financial year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d660812 elementor-widget elementor-widget-heading\" data-id=\"d660812\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Concessional Contributions for Business Owners\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4798d95 elementor-widget elementor-widget-text-editor\" data-id=\"4798d95\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For a sole trader, partner or trust beneficiary, consider whether additional concessional (pre-tax) super contributions make sense before 30 June. Concessional contributions for 2025-26 are $30,000. Above this threshold, contributions are taxable at marginal rates instead of at the 15% concessional rate.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a2a53c elementor-widget elementor-widget-heading\" data-id=\"8a2a53c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EOFY Checklist: Payroll and Single Touch Payroll\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d905076 elementor-widget elementor-widget-heading\" data-id=\"d905076\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Complete STP Finalisation by 14 July<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34aa815 elementor-widget elementor-widget-text-editor\" data-id=\"34aa815\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tFor\u00a0<a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/hiring-and-paying-your-workers\/single-touch-payroll\"target=\"blank\" rel=\"nofollow\">Single Touch Payroll<\/a>\u00a0purposes, employers are required to submit an STP finalisation declaration by 14 July 2026. This confirms that all payroll figures reported during the year are correct and complete. Finalisation of STP replaces the old payment summary process and is how employees access their income statement via myGov. Common STP delays include:\n<ul>\n \t<li>Year-to-date figures in your payroll software do not match ATO records.<\/li>\n \t<li>Employees with missing or incorrect tax file numbers.<\/li>\n \t<li>Allowances\/termination payments not reported correctly through STP.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9ad966 elementor-widget elementor-widget-heading\" data-id=\"f9ad966\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Review PAYG Withholding Obligations\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eef47b5 elementor-widget elementor-widget-text-editor\" data-id=\"eef47b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Reconcile your PAYG withholding total for the year with what has been reported and returned to the ATO for the year. Any discrepancy should be identified and corrected before finalisation. If you\u00a0<a href=\"https:\/\/befreeltd.com\/au\/services\/payroll-outsourcing\/\">outsource your payroll<\/a>,\u00a0your provider should handle that reconciliation as part of EOFY.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2837d2a elementor-widget elementor-widget-heading\" data-id=\"2837d2a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Process Any Outstanding Payroll Adjustments\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdb9846 elementor-widget elementor-widget-text-editor\" data-id=\"cdb9846\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Finish processing all outstanding payroll transactions for the financial year before finalising STP. This includes:<\/p><ul><li>Payouts for annual and long service leave<\/li><li>Redundancy or termination payments<\/li><li>Back-pay adjustments<\/li><li>Contributions by fringe Benefits Tax (FBT) reporting employer<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a795b82 elementor-widget elementor-widget-heading\" data-id=\"a795b82\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EOFY Checklist: Bookkeeping and Reconciliation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5586db6 elementor-widget elementor-widget-text-editor\" data-id=\"5586db6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Clean books and reconciled books make for a good tax return and a good financial picture for the year ahead.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0dfad2b elementor-widget elementor-widget-heading\" data-id=\"0dfad2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Reconcile All Bank Accounts and Credit Cards<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2ad856 elementor-widget elementor-widget-text-editor\" data-id=\"b2ad856\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Every bank account and credit card the business uses should be fully reconciled as of 30 June 2026. This means matching each transaction in your accounting software to the bank statement entry. Transparency issues with unreconciled transactions affect your profit and loss statement and tax return.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-814fe7c elementor-widget elementor-widget-heading\" data-id=\"814fe7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Review Accounts Receivable and Write Off Bad Debts<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4f2bf7 elementor-widget elementor-widget-text-editor\" data-id=\"c4f2bf7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Review outstanding debtors and find invoices that are truly irrecoverable. Bad debts formally written off by 30 June are deductible. Simply ageing a debt is not sufficient; you must have made genuine attempts to recover it and concluded it cannot be collected.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b12dfd elementor-widget elementor-widget-heading\" data-id=\"1b12dfd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Review Accounts Payable\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ce77c4 elementor-widget elementor-widget-text-editor\" data-id=\"1ce77c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Verify that all supplier invoices received before 30 June are entered and accrued, even if payment has not been made yet. For businesses operating on an accruals basis, this ensures expenses are recognised in the correct financial year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fb7c62 elementor-widget elementor-widget-heading\" data-id=\"9fb7c62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Conduct a Stock Take (If Applicable)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8577601 elementor-widget elementor-widget-text-editor\" data-id=\"8577601\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If your business holds trading stock, your tax return requires a physical stocktake as at 30 June. Stock can be valued at cost, replacement value or market selling value, whichever is lower for each item. Dropping stock value could be a useful deduction.<\/p><p>For businesses that need structured help with year-end reconciliation &amp; reporting, working with an\u00a0<a href=\"https:\/\/befreeltd.com\/au\/services\/bookkeeping-outsourcing\/\">outsourced bookkeeping services<\/a>\u00a0team can help reduce the risk of errors &amp; missed items.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d04dd8 elementor-widget elementor-widget-heading\" data-id=\"9d04dd8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EOFY Checklist: Quick Reference Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea5644c elementor-widget elementor-widget-text-editor\" data-id=\"ea5644c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Area<\/strong><\/p><\/td><td><p><strong>Key Task<\/strong><\/p><\/td><td><p><strong>Deadline<\/strong><\/p><\/td><\/tr><tr><td><p>Tax<\/p><\/td><td><p>Review and record all deductible expenses<\/p><\/td><td><p>30 June 2026<\/p><\/td><\/tr><tr><td><p>Tax<\/p><\/td><td><p>Prepay deductible expenses where applicable<\/p><\/td><td><p>30 June 2026<\/p><\/td><\/tr><tr><td><p>Super<\/p><\/td><td><p>Ensure Q4 super received by the fund<\/p><\/td><td><p>30 June 2026<\/p><\/td><\/tr><tr><td><p>Super<\/p><\/td><td><p>Update SG rate to 12% in the payroll system<\/p><\/td><td><p>1 July 2026<\/p><\/td><\/tr><tr><td><p>Payroll<\/p><\/td><td><p>Complete STP finalisation<\/p><\/td><td><p>14 July 2026<\/p><\/td><\/tr><tr><td><p>Payroll<\/p><\/td><td><p>Reconcile PAYG withholding<\/p><\/td><td><p>Before 14 July 2026<\/p><\/td><\/tr><tr><td><p>Bookkeeping<\/p><\/td><td><p>Reconcile all bank accounts<\/p><\/td><td><p>30 June 2026<\/p><\/td><\/tr><tr><td><p>Bookkeeping<\/p><\/td><td><p>Write off bad debts<\/p><\/td><td><p>30 June 2026<\/p><\/td><\/tr><tr><td><p>Bookkeeping<\/p><\/td><td><p>Conduct stocktake (if applicable)<\/p><\/td><td><p>30 June 2026<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab5faa3 elementor-widget elementor-widget-heading\" data-id=\"ab5faa3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Planning for the New Financial Year\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d343fd0 elementor-widget elementor-widget-text-editor\" data-id=\"d343fd0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>With year-end tasks done, EOFY is a natural time to look forward, too. Consider reviewing:<\/p><ul><li>Business structure. Is your current structure still tax-effective?<\/li><li>Forecasting cash flows for FY2026-27.<\/li><li>Changing software and payroll systems in light of Payday Super requirements.<\/li><li>Your pricing &amp; margins &amp; overhead costs.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a9d137 elementor-widget elementor-widget-text-editor\" data-id=\"8a9d137\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Befree works with SMEs across Australia to manage all year-end accounting and compliance tasks. EOFY is less stressful when you have the right support, whether it&#8217;s bookkeeping clean-up, STP finalisation or financials for a tax return.<\/p><p>Businesses in certain industries (like building, healthcare and hospitality) will often have additional EOFY intricacies concerning industry-specific deductions, contractor arrangements, along with award-based payroll. Working with specialist\u00a0<a href=\"https:\/\/befreeltd.com\/au\/services\/accounting-outsourcing\/\">outsourced accounting support<\/a>\u00a0professionals helps ensure these requirements are handled correctly and on time every time.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1e77077 e-flex e-con-boxed e-con e-parent\" data-id=\"1e77077\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a2c453f elementor-widget elementor-widget-heading\" data-id=\"a2c453f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions (FAQ)\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a114c7 elementor-widget elementor-widget-n-accordion\" data-id=\"9a114c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:300,&quot;sizes&quot;:[]},&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1610\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1610\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> When does the 2025\u201326 financial year end in Australia? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1610\" class=\"elementor-element elementor-element-b7679d5 e-con-full e-flex e-con e-child\" data-id=\"b7679d5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d8a41f6 elementor-widget elementor-widget-text-editor\" data-id=\"d8a41f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Australian financial year ends on 30 June 2026. All FY2025-26 income, deductions, and compliance obligations must be paid by this date.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1611\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1611\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What is the EOFY deadline for small business tax returns? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1611\" class=\"elementor-element elementor-element-5684b41 e-con-full e-flex e-con e-child\" data-id=\"5684b41\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc6ad71 elementor-widget elementor-widget-text-editor\" data-id=\"cc6ad71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If lodging directly, 31 October 2026 is the deadline. Businesses using a registered tax agent may be eligible for an extended deadline of 31 March 2027 if they are registered with the agent by 31 October.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1612\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1612\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Can I claim super contributions as a deduction this financial year? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1612\" class=\"elementor-element elementor-element-e5cca27 e-con-full e-flex e-con e-child\" data-id=\"e5cca27\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9ab35b1 elementor-widget elementor-widget-text-editor\" data-id=\"9ab35b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Yes, but only if contributions to the employee super fund are received by that date, which is 30 June 2026. Contributions that are still in a clearing house on 30 June may not be eligible; Check processing times with your clearing house provider.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1613\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1613\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What is STP finalisation and when is it due? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1613\" class=\"elementor-element elementor-element-09b4ae4 e-con-full e-flex e-con e-child\" data-id=\"09b4ae4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4264d04 elementor-widget elementor-widget-text-editor\" data-id=\"4264d04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Single Touch Payroll (STP) finalisation verifies that all Payroll data reported during the financial year is correct. Most employers need it completed by 14 July 2026. This is how employees access their ATO income statement.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1614\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1614\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What are the most commonly missed EOFY deductions for small businesses? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1614\" class=\"elementor-element elementor-element-4afb0c7 e-con-full e-flex e-con e-child\" data-id=\"4afb0c7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d00913c elementor-widget elementor-widget-text-editor\" data-id=\"d00913c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Commonly missed deductions include:<\/p><ul><li>Home office expenses (especially with the revised fixed rate method)<\/li><li>Prepaid expenses like insurance &amp; subscriptions.<\/li><li>Motor vehicle costs if no logbook has been maintained.<\/li><li>Bad debts that have not been written off.<\/li><li>Depreciation on business assets<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1615\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1615\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Do I need to do a stocktake at EOFY? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1615\" class=\"elementor-element elementor-element-8b07077 e-con-full e-flex e-con e-child\" data-id=\"8b07077\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cbd0ee3 elementor-widget elementor-widget-text-editor\" data-id=\"cbd0ee3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If you hold trading stock, you are obligated to do a stocktake as of 30 June under Australian tax law. Your closing stock must be valued for tax return calculations. You can value your closing stock at cost, replacement value or market value each year, and the method selected may affect your taxable income.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1616\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1616\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What happens if I miss the super payment deadline at EOFY? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1616\" class=\"elementor-element elementor-element-5e3ebe2 e-con-full e-flex e-con e-child\" data-id=\"5e3ebe2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e3ad737 elementor-widget elementor-widget-text-editor\" data-id=\"e3ad737\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The contribution cannot be used as a deduction for FY2025-26 because it missed the 30 June super deadline. If the contribution is late and the shortfall is not corrected through SGC, the ATO may impose:<\/p><ul><li>SGC interest charges from the due date.<\/li><li>Administration fees &#8211; per affected employee.<\/li><li>Potential Audit\/Compliance action.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When does the 2025\\u201326 financial year end in Australia?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Australian financial year ends on 30 June 2026. All FY2025-26 income, deductions, and compliance obligations must be paid by this date.\"}},{\"@type\":\"Question\",\"name\":\"What is the EOFY deadline for small business tax returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"If lodging directly, 31 October 2026 is the deadline. Businesses using a registered tax agent may be eligible for an extended deadline of 31 March 2027 if they are registered with the agent by 31 October.\"}},{\"@type\":\"Question\",\"name\":\"Can I claim super contributions as a deduction this financial year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, but only if contributions to the employee super fund are received by that date, which is 30 June 2026. Contributions that are still in a clearing house on 30 June may not be eligible; Check processing times with your clearing house provider.\"}},{\"@type\":\"Question\",\"name\":\"What is STP finalisation and when is it due?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Single Touch Payroll (STP) finalisation verifies that all Payroll data reported during the financial year is correct. Most employers need it completed by 14 July 2026. 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You can value your closing stock at cost, replacement value or market value each year, and the method selected may affect your taxable income.\"}},{\"@type\":\"Question\",\"name\":\"What happens if I miss the super payment deadline at EOFY?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The contribution cannot be used as a deduction for FY2025-26 because it missed the 30 June super deadline. If the contribution is late and the shortfall is not corrected through SGC, the ATO may impose:SGC interest charges from the due date.Administration fees &#8211; per affected employee.Potential Audit\\\/Compliance action.\"}}]}<\/script>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The end of the financial year is one of the busiest periods for Australian small businesses. It is a lot to organise with the 30 June deadline fast approaching, including tax obligations, superannuation, payroll finalisation, bookkeeping reconciliations &amp; asset write-offs to name a few. This EOFY 2026 checklist breaks down each key task into practical [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[89],"class_list":["post-17185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","tag-tax"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EOFY Checklist 2026: Australian Small Business Guide<\/title>\n<meta name=\"description\" content=\"Use this EOFY checklist 2026 to prepare your small business finances before 30 June. Take care of tax, super, payroll &amp; bookkeeping on time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Webmaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EOFY Checklist 2026: Australian Small Business Guide","description":"Use this EOFY checklist 2026 to prepare your small business finances before 30 June. Take care of tax, super, payroll & bookkeeping on time.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"twitter_misc":{"Written by":"Webmaster","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/befreeltd.com\/au\/resources\/blogs\/eofy-checklist-for-australian-small-business\/","url":"https:\/\/befreeltd.com\/au\/resources\/blogs\/eofy-checklist-for-australian-small-business\/","name":"EOFY Checklist 2026: Australian Small Business Guide","isPartOf":{"@id":"https:\/\/befreeltd.com\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/befreeltd.com\/au\/resources\/blogs\/eofy-checklist-for-australian-small-business\/#primaryimage"},"image":{"@id":"https:\/\/befreeltd.com\/au\/resources\/blogs\/eofy-checklist-for-australian-small-business\/#primaryimage"},"thumbnailUrl":"https:\/\/befreeltd.com\/au\/wp-content\/uploads\/EOFY-Checklist.jpg","datePublished":"2026-05-04T12:24:15+00:00","dateModified":"2026-09-10T04:08:43+00:00","description":"Use this EOFY checklist 2026 to prepare your small business finances before 30 June. 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