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)
- 28 January, 28 April, 28 July, and 28 October are the quarterly due dates for making SG payments.
- The SG rate is currently 11.5% of an employee’s ordinary time earnings. From 1 July 2025, the SG rate will increase to 12%.
- Ensure SG for your eligible employees is paid in full, on time and to the right super fund. If you don’t, you’ll need to lodge a super guarantee charge (SGC) statement and pay the SGC to us.
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.
- Identify if you’ve provided a fringe benefit.
- Determine the taxable value to work out if you have an FBT liability.
- Lodge an FBT return and pay any FBT owed (if you have a liability) by 21 May 2025. If your registered tax agent lodges electronically for you, you have until 25 June 2025.
- Keep the right records to support your FBT position.
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 us.
This helps your employees meet their end-of-year tax liabilities.
Your accounting or payroll software, our tax tables or our 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, a registered tax agent 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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