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TomD's avatar
TomD
Trusted Cover User
2 months ago

EOFY Super Payment

I am getting organised for the EOFY processes and notice the following advice in the helpful guides:  To include super contributions in the 2023/2024 financial year, make your super payments by 4pm (AEST) 19 June 2024.

 

How do I know the appropriate super figures by the 19th June when there is still payroll to be processed subsequent to that date?  Some staff are casual and I would not be able to even guess this?

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  • gavin12345's avatar
    gavin12345
    Ultimate User
    2 months ago

    Hi TomD,

     

    Any super payment made after 19 June 2024 via MYOB's super system may not be processed in time to claim a deduction this financial year. Any payments made after that date will need to be claimed for tax purposes in the next FY - discuss this with your accountant if in doubt.

     

    Regards

    Gavin

    gavinw222@gmail.com