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Your ultimate payroll year-end 2024/25 checklist: steps and deadlines

Xero

Itd be one thing if payroll year-end meant a single last pay run. Whether youre a seasoned payroll manager or doing it for the first time, payroll year-end can be tricky. What is HMRC payroll year-end? Payroll year-end is when a business finalises payroll records for the tax year. Timing is important.

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? Double-check payroll reportings Review key reports like the P32, P11s, Gross to Net, and Account Transactions to ensure your posted pay runs are reconciled. Xero will submit an Employer Payment Summary (EPS) to HMRC once your final pay run is complete.

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We heard you: Making payroll more affordable for Australian small businesses

Xero

As part of this, we made some changes to how payroll was included in our plans. These changes mean payroll is once again included in all Xero business plans , offering more choice and flexibility when it comes to paying yourself and employees, and keeping up with compliance obligations. The flexibility is yours.

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What’s new in Xero – March 2025 & Quarterly Wrap

Xero

We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). These are just some of the updates that have rolled out in Xero this month.

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Using Caseware and Wagepoint to streamline your EOFY

Xero

We’re excited to share some new apps in the Xero App Store : Caseware and Wagepoint. These apps bring key capabilities into the Xero platform, to simplify your year-end workflows, payroll and compliance. The post Using Caseware and Wagepoint to streamline your EOFY appeared first on Xero Blog.

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Steps to ensure a seamless EOFY in Xero Payroll

Xero

And a good place to start is with finalising payroll. This EOFY in Xero Payroll will be slightly different than previous years. Because of the introduction of Single Touch Payroll (STP) Phase 2 reporting. Now that you’ve made the transition, you can prepare your payroll data for STP finalisation.

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Better off on Xero: Steps to process and finalise payroll

Xero

Preparing your payroll to make finalisation as easy as possible come July. Completing your EOFY is better off on Xero. Check your employees’ records As part of Single Touch Payroll (STP) , there are key compliance requirements that affect the way employees are set up in Xero. A good place to start?

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