There’s a lot to manage when running a business, especially if you’re an employer. With the end of financial year fast approaching, it’s a good idea to review your tax and super obligations to ensure they’re in order.

If you’re short on time, check out the ATO’s Employer obligations factsheet for more information.

Key obligations as an employer

If you have employees, you’ll need to:

• withhold tax (pay as you go withholding) from their wages and report and pay the withheld amounts to the ATO
• pay super, at least quarterly, for eligible employees. The rate is currently 11.5%, increasing to 12% from 1 July 2025
• report and pay fringe benefits tax (FBT) if you provide your employees with fringe benefits
• report employees’ tax and super information to the ATO each pay cycle using Single Touch Payroll (STP)
• keep good records of payments, tax withheld and super contributions for at least 5 years.

By getting the basics right, you can spend less time on admin, and more time growing your business.

For more information, visit ato.gov.au/employers or speak with a registered tax professional.

Source: Australian Taxation Office