EOFY 2025 Coming Soon!

EOFY is coming soon!

As we approach the end of the financial year (30 June 2025), we know you'll have several tasks to manage alongside your daily responsibilities. While this can be a busy time, foundU has your back!

Each year, we aim to equip you with the resources and guidance necessary to stay organised and informed about what to expect from the foundU platform. Whether you’re a first-time user or a seasoned pro, we update our resources annually based on your feedback, ensuring everyone feels supported during this busy period.

Keep an eye out for some helpful resources and reminders from us! We’ll be sending out emails, adding pop-ups on the platform, and updating our Help Centre with everything you need to know for EOFY 24/25. Below, you’ll find an overview of what you can expect.

Resources you can expect

If you're new to the EOFY process with foundU, these are some of the resources you can expect to receive to help you understand necessary tasks and timelines. We'll begin sharing these resources in the first week of June and continue to distribute them up to the STP Finalisation due date in mid-July.

  • 'Preparing for EOFY' with foundU video
  • EOFY timeline
  • EOFY checklist (PDF and pop up tracker on Pay page)
  • EOFY Masterclass Webinar
  • Rate Rise Assistance options (to apply minimum wage increase)
  • Reconciliation resources
  • Single Touch Payroll (STP) Finalisation resources
  • and a whole stack of EOFY guides in our Help Centre! 

Reminder: Gross calculations were updated

Just a quick reminder that we updated how gross is calculated within this financial year. 

Gross Calculation Method:
Gross = Wages + Taxable Allowances + Non-Taxable Allowances

Previously, we have been displaying Taxable Gross. The calculation for which is:
Gross = Wages + Taxable Allowances - Gross Deductions - Salary Sacrifice Super

All of our resources in the Help Centre have been updated to align with current calculation of gross.

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