MYOB Practice: EOFY for accountants and bookkeepers

From minimum wage updates and EOFY reporting obligations to Payday Super requirements, many clients will need support preparing their systems, processes and payroll workflows for the new financial year.

That means a bit more effort for their advisors, but it’s also an opportunity. If your firm steps in early to help clients stay compliant, you’ll be strengthening advisory relationships at the same time.

Here’s everything they (and you) need to know.

Minimum wage changes on the way

The Fair Work Commission’s Annual Wage Review will be updating minimum wage rates and awards, starting from 1 July 2026. While we wait for final figures, your practice can help clients review payroll settings, award classifications and employee costs so they’re ready to go.

For many of your clients, this could also be a good time to review their payroll systems more broadly — are they ready for upcoming changes, like Payday Super?

The SBSCH is closing on 1 July

The ATO’s Small Business Super Clearing House (SBSCH), the free clearing house used by many small businesses to pay super, is closing permanently on the same day Payday Super begins (1 July).

Any clients currently using the SBSCH will need to move to a compliant alternative before then. MYOB’s Pay Super is built into MYOB Payroll and is ready to go. Super is calculated and sent automatically each payday, with no need for manual clearing house submissions.

Now’s the time to check which of your clients are still relying on the SBSCH and help them make the switch before the deadline.

Getting clients ready for Payday Super

MYOB’s survey of SME businesses shows that some employers are worried about the upcoming changes. The recent MYOB Bi-Annual Business Monitor indicates that cash-flow impacts are the top concern for businesses (35%), ahead of increased admin burden (29%). However, if clients are using modern payroll software, Payday Super could reduce admin burden and smooth cash flow in the long run. The new rules bring payroll and super into a single workflow, meaning fewer moving parts, a lower risk of missed or late payments, and no back-calculating or error-fixing. The pay-as-you-go arrangement also means employers avoid large quarterly super payments and gives them a more accurate understanding of their cash position.

The Monitor shows that 21% of employers are concerned about shorter timeframes for paying. However, the ATO has said it won’t be focusing on employers who make honest mistakes in the first year.

Getting clients ready for Payday Super and EOFY

Helping your clients prepare will make the transition less disruptive, while reinforcing your role as a trusted advisor. Here’s what to do:

Encourage clients to start now: This helps smooth out the cash-flow adjustment and lets them spot and fix any issues early.

Check that their payroll processes are ready to go: That means ensuring they have the cash on hand, approvals and settings all aligned.

Make sure all clients use excellent payroll software: Pay Super is MYOB's built-in solution for Payday Super and sends Super automatically each payday, directly from payroll. To help your clients switch on Pay Super within MYOB Payroll, see our support hub here.

Use EOFY as a springboard to review their broader setup: Platforms like MYOB AccountRight and MYOB Business make EOFY simpler with automated bank reconciliation, batch invoicing, bulk payments, reporting and more.

If you have SME clients using MYOB Payroll, they can set up Pay Super as part of their MYOB Business or AccountRight subscription.

Your EOFY roadmap

Conversations beyond compliance

After a year of cost pressures and compliance changes, the MYOB Bi-Annual Business Monitor research shows many SMEs are cautious about the prospect of revenue growth: 42% believe revenue will stay steady, and 20% expect growth. It’s why this is a chance to talk to clients about more than just compliance. You can help clients tighten their processes, improve visibility, and set themselves up well for the year ahead.

Following the Federal Budget, it could also be a good time to have conversations about longer-term planning. This could include future capital gains tax obligations and the pros and cons of ownership structures such as trusts.

Change is opportunity

EOFY may feel like it’s bringing extra pressure on your clients, and that problem means opportunity for you.

You can step in now to guide clients on process adjustments and more streamlined ways of managing payroll and Super. It’s another way you can use EOFY to have those deeper conversations, build better habits, and invest in stronger systems together, building loyalty and the future of your practice.

Information provided in this article is of a general nature and does not consider your personal situation. It does not constitute legal, financial, or other professional advice and should not be relied upon as a statement of law, policy or advice. You should consider whether this information is appropriate to your needs and, if necessary, seek independent advice. This information is only accurate at the time of publication. Although every effort has been made to verify the accuracy of the information contained on this webpage, MYOB disclaims, to the extent permitted by law, all liability for the information contained on this webpage or any loss or damage suffered by any person directly or indirectly through relying on this information.

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