2024 End of Financial Year Processing Guide

Modified on Sun, 16 Jun at 5:34 PM

A PDF version of 'End of Financial year (EOFY) 2024 processing guide' is attached at the bottom of this page.




2024-2025 PAYG Withholding Tax Tables

 

The PAYG Withholding Tax Tables have been updated to take into account the Stage 3 Tax Cuts, updated Study and Training Support Loans schedule and the Medicare Levy Thresholds. 

 

The updated Pay As You Go Withholding Tax Tables 2024-2025 are available as a zip file from Lawyers Toolbar > Client Service Centre Icon > Other Downloads > ATO_TaxScales_2024-2025.zip. Save the zip file to a convenient location and open the file to access the txt file, the txt file should be saved separately in readiness for loading into LawMaster.

 

The file should be imported into LawMaster prior to running the first pay for the year beginning 1st July 2024. It may be imported prior to rolling the Payroll Year as the tax rates for 2024-2025 will only be used for pays that have a Pay Date of 1st July 2024 or later. Please refer to Step 9 - Load (Import Tax Scales) in the 2024 End of Year Procedure document for further instructions.



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