EOFY Payroll Guide 2025 with STP Finalisation and Superannuation Deadlines

As we approach the end of the 2024–25 financial year, one of the most important areas for business owners to focus on is payroll compliance. From making sure your super contributions are paid on time, to finalising your Single Touch Payroll (STP) reports—there are a few key deadlines that could impact your business if missed.

To help you stay compliant and stress-free, here's a practical guide to what should be done before 30 June and shortly after.

Finalising Single Touch Payroll (STP)

STP finalisation is the ATO’s way of confirming that your payroll data for the financial year is complete and correct. It replaces traditional group certificates and ensures that your employees can access their income statements through myGov.

What you need to know

STP finalisation is due by 14 July 2025. This process involves reporting all wages, bonuses, allowances, deductions, and any applicable fringe benefits that are paid throughout the financial year.

It is important to ensure that this information is accurate, as employees depend on it to complete their tax returns. Mistakes or omissions can lead to delays and unnecessary complications.

If we already handle your payroll, we’ll be in touch to ensure everything is finalised on your behalf. If not, and you manage payroll internally or via another provider, we recommend double-checking:

• All employee year-to-date earnings are correct

• Super and tax withheld amounts align with your records

• Employee details (e.g. TFNs, names, addresses) are up to date

Superannuation Contributions: Know Your Deadlines

To claim a deduction for superannuation in this financial year, payments must reach your employees’ super funds by 30 June. Simply initiating the payment on that date is not enough; processing delays from your clearing house or bank can trigger it into July.

What you can do now:

• Aim to pay by mid-June to be safe

• Reconcile all super contributions for the year

• Confirm that all employee super details are correct

• Use a reliable clearing house that provides tracking and confirmation

  
  

Late super payments may still be required but won’t be deductible in this financial year and may attract penalties from the ATO. If we manage your super lodgements, we’ll confirm your totals and help you meet the timing requirements. Just give us a heads-up if anything has changed recently (e.g. new staff, changed super funds).

Your EOFY Payroll Compliance Checklist

Here’s a quick summary of what to review over the next few weeks:

•  All wages and super for the year reconciled

• Final pay runs for June processed correctly

• Super contributions paid and cleared by 30 June

• STP data accurate and submitted by 14 July

• Employee personal and tax details up to date

• Any bonuses, commissions, or fringe benefits reported correctly

If any part of this process feels unclear, you're not alone. At Vivid Enterprise Solutions, we understand the importance of accurate payroll reporting at EOFY.

Whether we currently handle your payroll, or you need support reviewing your data, please don't hesitate to reach out and contact us.

Disclaimer: This article is intended to provide general guidance and is not specific advice. We encourage you to seek tailored advice for your circumstances.