ATO Watch: What Aussie Small Businesses Need to Know Before EOFY 2025

What the ATO Wants You to Have Sorted Before June 30

1. Business Activity Statement (BAS)
• Lodge your final BAS for Q4 (April–June) by 28 July 2025
• Report your GST, PAYG withholding, and income

If you’re GST-registered, this is non-negotiable — even if you didn’t trade much

2. Superannuation Contributions
• Ensure super for April–June quarter is paid and received by 30 June
• This is crucial if you want to claim it as a deduction in this financial year
• The current rate is 11% of ordinary time earnings

Tip: Super must land in the employee’s fund, not just be processed.

3. Single Touch Payroll (STP) Finalisation
• Finalise your STP data by 14 July 2025
• This replaces traditional payment summaries
• ATO uses this to pre-fill your employees’ tax returns

If you use MeMate with Xero or MYOB, STP data can sync directly from payroll

4. Review Deductions & Asset Purchases
• EOFY is your last chance to claim instant asset write-offs (check current thresholds)
• Prepay expenses like rent, subscriptions, or insurance if cash flow allows Keep records of all business-related purchases
5. Reconcile Invoices & Payments
• Make sure every invoice sent = either paid or written off
• Chase late payments, close open jobs
• Cross-check Stripe payouts, bank feeds, and job completion status

MeMate tracks this automatically by linking quote → job → invoice → payment

What’s New or Changing in 2025?

• Super has increased to 11% (as part of legislated annual increases)
• ATO is tightening audits on cash-heavy and contractor-heavy industries
• Real-time BAS lodgement tools are being pushed by major accounting platforms
• Late lodgement penalties are being enforced more aggressively for sole traders and SMEs

How MeMate Keeps You ATO-Ready (Without the Headaches)

MeMate is built to help you stay compliant without relying on 12 tools and a spreadsheet army.

With MeMate, you can:

• Generate and store GST-ready invoices
• See real-time cash flow and income vs expenses
• Track staff time and wages for payroll/Super reporting
• Export data to your accountant or Xero/MYOB in seconds
• Store receipts, contracts, and BAS docs all in one place

EOFY Checklist for Small Business Owners

Final Word

Tax time doesn’t need to be panic time.

Start early, use the right tools, and track things as you go — not when your accountant sends you a last-minute email.

MeMate helps you keep your books clean, your team compliant, and your business moving forward.

Related Articles

• Invoicing & Getting Paid Faster
• Business Budgeting 101
• Payroll & Staff Management