We're here to help your end of financial year

We know this end of financial year is a little different, and we want to help you feel prepared for whatever's around the corner. So we've pulled together some helpful resources to help you get EOFY ready.

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What is end of financial year?

The Australian end of financial year is the perfect time for businesses to get their finances in order. You will need to keep records of all of your financial transactions under Australian tax laws as well as supporting documents and other important information you have made within your tax return.

Individuals and businesses are required to submit a tax return form to the Australian Taxation Office (ATO) by 30 June. The ATO will use this information to determine how much tax is owed to the governement, or how much the business or individual needs to be reimbursed.

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How do I complete my EOFY paperwork?

Fill out a business income return and declare how much profit the business earned, do this even if you've made a pay-as-you-go instalment payment throughout the year. Ensure you claim your deductions, some business expenses can be deducted from your taxable income. You will also need to declare how much GST you collected and paid throughtout the year. Check out our FAQs for more information.

Explore the latest resources to help you manage your end of financial year

Accountant & bookkeepers

Get prepared for the busiest time of year with our webinars, self-paced courses and checklists.

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Small business

Make the most of your time before EOFY with our webinars, self-paced courses and checklists.

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Features to make EOFY beautifully easy

From invoicing on the run to helping keep you Single Touch Payroll (STP) compliant, our accounting software has all the features you need to manage EOFY effortlessly.

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Invoicing

Keep on top of your cash flow by sending online invoices with online payment options.

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Xero Expenses

Easily record, claim, and manage employee's expenses and receipts online.

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Payroll

Pay staff, send payslips and report payroll information to the ATO with simple, STP-ready small business payroll software.

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