The EOFY is not only the time to get your books in order, but also an opportunity for businesses to make strategic progress for the year ahead. Stay prepared with these useful tips.
As another end of the financial year (EOFY) rolls around, HR practitioners will be busy ensuring their bookkeeping, tax and finances are up-to-date and compliant.
In addition to wrapping up payroll processes, employee record-keeping and contracts, this EOFY will be accompanied by several wage increases and regulatory updates.
It’s also the time to review your operations, workforce needs and business goals, assess what’s being done well and identify areas of improvement for seamless rollover.
HR practitioners can use the infographic below to work through key tasks this EOFY, and find a few tax deductions their organisations can claim this tax time.
HR’s EOFY checklist
Download a PDF of the checklist here.
Other resources
Looking to invest in professional development this year? Strengthen your HR team’s capabilities with AHRI’s EOFY Sale on Corporate Training. Discover how you can save big on tailored training options across topics such as leadership and management and business skills.
