If you employ staff, here are the important dates and obligations to remember throughout the year, to set yourself up for success.
Super guarantee (SG)
Fringe benefits tax (FBT)
31 March 2025 marks the end of the 2024–25 FBT year. There are 4 key steps to nail your obligations for FBT tax time.
Pay as you go (PAYG) withholding
You need to withhold the right amount of tax from payments you make to your employees and other payees, and pay those amounts to the ATO.
This helps your employees meet their end-of-year tax liabilities.
Your accounting or payroll software, the ATO tax tables or the ATOs online tax withheld calculator will help you do this.
Single touch payroll (STP)
Finalise your STP data by 14 July 2025 for the 2024–25 year.
This ensures your employees have the right information they need to lodge their income tax returns.
If you have any closely held payees, you may have a later due date for those payees only. Remember to finalise all employees you’ve paid in the financial year.
You can also check out our range of resources for employers.
Remember, we can help you with your tax and super obligations.
Source: ato.gov.au February 2025
Reproduced with the permission of the Australian Tax Office. This article was originally published on https://www.ato.gov.au/businesses-and-organisations/small-business-newsroom/master-your-employer-obligations-in-2025
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