Happy new financial year! Just a quick reminder that BAS statements and Super payments are due on the 28th of the month.
Now is also the time to check that your payroll tax tables are up to date. Here is what you need to do BEFORE you update them:
- Finalise any payroll up to 30th June
- Make a back up
- Print all payroll reports for the year, the quarter and the last pay run, including super (you wont be able to afterwards)
- Reconcile your PAYG and super accounts
- Make a back up!
- Print your PAYG payment summaries (formerly Group Certificates)
- Make a back up! (I'm sure you get the picture by now - they are very important!)
- Start a new payroll year
- Load the new tax tables
Now you are ready to run payroll for the new financial year! Well done...
Please let me know if you need any help with your end of year procedures.
