End of financial year and tax returns are easy with Xero

The Australian end of financial year is an important one for your business. Make sure you're prepared and have everything in order with help from Xero's EOFY and tax related webinars, self-paced learning, checklists and articles. Step-by-step, these resources will help you make the most of every second and plan for the year ahead.

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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 Australian Taxation Office ( 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 profut 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.

Features to make EOFY beautiful

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 your cash flow healthy by sending online invoices with online payment options.

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Xero Expenses

Easily record, claim, and manage expenses and receipts online.

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Payroll

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

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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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