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We are here to support you getting ready for EOFY

Our Support team are helping you get ready for EOFY. Below you will find links to helpful articles and videos, and most importantly our to preparing for and processing your finalisation event, as well as what to get ready for 22/23.

Latest Tips  

Resolve
and

There are 10 common reasons you may experience issues when lodging an STP event, that can be classified as a Validation Warning or Lodgement Error. View our blog to find out more.

Do you need to sync changes between Employment Hero platforms?

If you are connected to both Employment Hero HR and Payroll, remember that the HR platform is your source of truth. Check out the list of fields that sync automatically from HR to Payroll.

Have you checked out our
Understanding STP Phase 2
tutorials on Hero Academy?

There are several tutorials you can access that walk you through understanding the impact of STP Phase 2 reporting requirements.


EOFY Calendar

May 2022
  15
  • Partnership & Trust Income tax returns are due to be lodged. Company income tax returns are due to be lodged and paid.
    • 2021 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June concession, are due to be lodged.
  • Companies and super funds are due to be paid (if required).

    Helpful Hint

    Individuals and trusts in this category pay as advised on their notice of assessment.

  21

  • April 2022 monthly Business Activity Statement (BAS) is due to be lodged and paid.
  • Final date to add new Fringe Benefit Tax (FBT) clients to your client list to ensure they receive the lodgment and payment concessions for their fringe benefits tax returns.
  • Fringe Benefit Tax (FBT) Annual Return is due to be lodged and paid if lodging by paper.

  28

  • Fringe Benefit Tax (FBT) Annual Return is due to be lodged and paid if lodging electronically.
June 2022

  5

  • Tax return for all entities with a lodgment due date of 15 May 2022 if the tax return is not required earlier and both of the following criteria are met are due to be lodged:
      • non-taxable or a credit assessment in the latest year lodged
      • non-taxable or receiving a credit assessment in the current year.

    Helpful Hint

    This includes companies and super funds but excludes large/medium taxpayers and head companies of consolidated groups.

  • Tax returns due for individuals and trusts with a lodgment due date of 15 May 2022 are due to be lodged, provided they also pay any liability due by this date.

    Helpful Hint

    This is not a lodgment due date but a concessional arrangement where failure to lodge on time (FTL) penalties will not apply if you lodge and pay by this date.

  21

  • Lodge and pay May 2022 monthly Business Activity Statement (BAS) if lodging monthly.

  25

  • Fringe Benefit Tax (FBT) Annual Return for tax agents is due to be lodged and paid if lodging electronically.

  30

  • Superannuation Guarantee Contribution (SGC) payments need to be paid if you want to quality for a tax deduction in the current financial year.
  • The financial year ends today! Prepare for end of financial year (EOFY).
  • Pencil's down....time to wrap up your books for the 2021/22 financial year!
July 2022

  1

  • A new financial year begins today!
  • Individual income tax returns are due from now until 31 October if preparing and lodging yourself.
  • Sole trader/self-employed tax returns are due from now until 31 October if preparing and lodging yourself.
  • Partnership tax returns are due from now until 31 October if preparing and lodging yourself.

  14

  • Issue Pay As You Go (PAYG) withholding payment summaries to employees (as the employer). 
    • Note: this is in myGov for your employees if reporting with STP.

  21

  • June 2022 monthly Business Activity Statement (BAS) to be lodged and paid if lodging monthly.

  28

  • Quarter 4 (April - June) 2022 quarterly Business Activity Statement (BAS) to be lodged and paid if lodging quarterly.
  • Super guarantee contributions (SGC) for Quarter 4 (April - June) 2022 are due to be paid.

What you need to know for EOFY

Our team are here to support our customers with tips, advice and guidance in the lead up to EOFY.

Frequently Asked Questions.

Read the most frequently asked questions that are coming to our team.

Have you lodged an Update Event
since the introduction of
STP Phase 2?

We strongly urge businesses to lodge an update event (for each pay schedule) in preparation for EOFY. This will allow the ATO to easily assess whether YTD earnings (reported as disaggregated earnings) have transitioned across correctly since the introduction of STP Phase 2.

Common Lodgement Errors.



Click to view common lodgement errors and common validation warnings.

You can also read our recent blog that solves the top 5 warnings and top 5 errors seen by customers.

Service Charter.

Click to view our practical guide to help you submit support requests in the best possible way, for the quickest possible resolution during this busy time.

Preparation: Check Settings and RESC audit.


View this guide to ensure your system and employee settings are all correct. We also walk you through how to run a highly recommended RESC audit.

Running a reconciliation.


View our step-by-step guide on how to complete the end-of-year Reconciliation in Employment Hero.

Finalisation Events.


View our step-by-step guide on how to process finalisation events using the EOFY wizard in the platform.