Australian financial year calendar and the countdown to tax time - FY22

A lot of things need to happen between the end of financial year (EOFY) and tax time. Here are the dates and deadlines to keep in mind when getting tax ready.

A stopwatch with its minute hand nearing the end of the timer, representing the countdown to tax time and getting tax ready.

Key dates in June

A calendar showing key dates in June. An overview is in the description below.

30 June is EOFY. All new transactions from 1 July go into your FY23 books. The next month of your EOFY calendar will focus on closing out Q4 obligations.

Key dates in July

A calendar showing key dates in July. An overview is in the description below.

With your Q4 reports squared away in July, your EOFY calendar will now shift focus to annual reporting. That means getting things ready for your tax agent.

Key dates in August

A calendar showing key dates in August. An overview is in the description below.

Ensure your FY22 books show every transaction. Make copies of every receipt and invoice ready to give to your tax agent.

If you’re a Xero customer, get your paperwork into Xero with Hubdoc.

Key dates in September

A calendar showing key dates in September. An overview is in the description below.

Schedule your tax agent to work on your return.

It's a good idea to get your books and documentation tidy before involving a professional. Otherwise they'll need to spend heaps of extra time on your accounts, and EOFY could end up being costly.

Find a tax agent

You get extra time (and way less stress) if you use a tax agent. Find one in our advisor directory.

Key dates in October

A calendar showing key dates in October. An overview is in the description below.

Whether you have a tax agent or not, before working on your tax return make sure you:

  • check your books for mistakes
  • have run a profit-and-loss report and balance sheet

There are multiple PAYG withholding annual reports due at this time. You can find out more from the ATO.

May 2023

15 May Calendar Date

15 May 2023 is the deadline for your tax agent to lodge your return.

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