Final Call: Get Ready for Payday Super & EOFY Payroll

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advisory Bookkeeping & Payroll, Compliance, Tax

With 30 June approaching, there’s more for business owners to manage this year than usual.

From 1 July 2026, Payday Super begins — meaning super must be paid at the same time as wages, not quarterly.

This is your final reminder to get your systems, payroll, and super obligations in order before year-end.

✅ EOFY Payroll & Super Checklist

There is so much to cover here!

First and foremost, this is a final reminder that from 1 July, super must be paid at the same time as wages, rather than quarterly.

🔔 Key Changes From 1 July 2026

  • Super must be received by the employee’s fund within 7 business days of payday
  • Late payments = ATO penalties + loss of tax deduction
  • The ATO Small Business Super Clearing House will close
  • Super calculations shift from OTE → Qualifying Earnings (QE)

📅 Don’t Miss: June Super Deadline (Tax Deduction Tip)

For the April–June (Q4) super:

  • Standard due date: 28 July 2026
  • BUT for a 2025–26 tax deduction → super must be:
    • Paid AND received by 30 June 2026

👉 Payments after 30 June = deduction pushed to next financial year

💡 Tip: Clearing houses (e.g. Xero) often require processing around mid–late June.

 

✅ EOFY Payroll & Super Checklist

1. Review Payroll & Super Settings

  • Update earnings classifications to Qualifying Earnings
  • Check:
    • SG amounts
    • Salary sacrifice
  • Identify any missed or failed payments

2. Fix Any Super Issues Now

  • Unpaid or late super → SGC applies (non-deductible)
  • Employees without fund details → locate their ATO stapled fund

3. Transition Away from SBSCH

  • Download your historical data before 1 July
  • Choose a new clearing house solution

📊 STP Finalisation Reminder

STP Finalisation is due next financial year – Deadline: 14 July 2026

Under Single Touch Payroll (STP), employers must finalise employees’ 2025–26 income by 14 July 2026. This ensures their income statements are marked as “Tax Ready” with the ATO so employees can lodge their personal tax returns.

Make sure all wage-related items are processed:

  • Bonuses & commissions
  • Allowances
  • Reportable Fringe benefits (if applicable)
  • Termination payments
  • Owner/family wages

Once you’ve finalised the payroll at the end of the year, you shouldn’t have to change it. This is because with STP your information is filed automatically with the ATO and recorded against employees’ tax file numbers.

This means that any adjustments to team members wages, for example, if you want to pay them a bonus, and if you want to include this as a deduction against your profit for 30 June, then you need to make sure you record this by at least the last scheduled pay-run or you can prepare an (additional) unscheduled pay-run before processing your year-end payroll.

This is the same for any business owners’/family wages: any adjustments needs to be done BEFORE the end of the year.

⚠️ Once finalised, changes should be avoided — so get it right beforehand.

📉 Payroll Reconciliation & Payroll Tax

After you’ve finished adjusting your payroll and completed any pay-runs for the financial year, it’s time to reconcile your payroll reports with the financial accounts.

This will make sure we haven’t missed anything and that there are no errors. The best way to do it is to prepare the payroll summary reports for the year and compare that with your general ledger reports for the same period.

Before closing out the year:

  • Reconcile payroll reports vs general ledger
  • Review payroll tax obligations
    • Check thresholds
    • Consider grouping & contractor rules

Your bookkeeper should know how to do this, or if you’d like some help doing this then please reach out.

FInal Tip: Test your systems before 1 July!

This EOFY there is more to do than usual!

Final Tip: It is critical you get across this now and test your systems before 1 July.

If you are:

  • Switching payroll systems
  • Enabling Auto Super
  • Changing clearing house providers

👉 You must test before 1 July

Common issues include:

  • Duplicate payments
  • Failed transactions
  • Historic unpaid super being triggered

💬 Need Help?

EOFY 2026 comes with major changes, and getting it wrong can be costly.

We can assist with:

  • Payday Super compliance
  • EOFY tax planning
  • Payroll and STP finalisation
  • Super catch-up and corrections

Contact Wear Accountants to get everything sorted before 30 June.