End of Financial Year: 2021/22 Checklist

End of financial year wrap up

The end of financial year (EOFY) is a busy time, and it’s easy to overlook critical processes. This interactive checklist outlines the must-do tasks that every payroll professional should be doing to remain compliant and ready to face the year ahead.

We’ve identified important payroll-related tasks to be actioned before Australia’s EOFY, including:

• Employee income statements 
• PAYG withholding variations
• Superannuation contributions
• Reportable fringe tax benefits 
• Single Touch Payroll (STP) Phase 2