Australian financial year calendar and the countdown to tax time - FY24
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.
Key dates in June
30 June is EOFY. All new transactions from 1 July go into your FY24 books. The next month of your EOFY calendar will focus on closing out Q4 obligations
Key dates in July
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
Ensure your FY24 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
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
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 2025
15 May 2025 is the deadline for your tax agent to lodge your return.
Take control of end of financial year with Xero
Get your books in order before end of financial year in Australia, with help from our webinars, videos, and guides. Because when you know your numbers, tax time becomes a little less taxing.
Find out more about EOFY with Xero
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