Xero Accounting Software – Changes to Subscription Features
Cogger Gurry • July 11, 2025
Please note that Xero has recently made changes to their subscription plans with the major change of added Payroll and Superannuation functionality to their Ignite and Grow plans.
As we are at the start of a new financial year this may be an appropriate time for you to review your businesses subscription level to ensure you are on the most suited plan for your business needs.
If you have any questions, feel free to contact us to discuss your software needs. 03)5571 0111
If you have paid wages to employees in the 2025 financial year you will need to make a finalisation declaration by 14 July 2025 to ensure your employees can access their finalised information to complete their tax return. When you have reported and finalised your employees' information through STP, you are exempt from: providing payment summaries to your employees lodging a payment summary annual report. For payments to your employees that were not reported through STP, you still need to: give a payment summary to your employees provide the ATO with a payment summary annual report for these payment summaries. For small employers (19 or fewer employees) who only have closely held payees, the due date for end-of-year STP finalisation is the payee's tax returns due date. If you would like to know more, you can visit Here
At CoggerGurry, we understand that every business is unique, with its own set of challenges and aspirations. Our Business Advisory services are designed to provide personalised, strategic support that aligns with your goals and helps you move confidently toward long-term success. We offer practical support in: Strategic Planning & Business Structuring – We help you set a clear direction for growth and resilience. Succession & Estate Planning – Guiding you through securing the future of your business and family wealth. Financial Analysis & Forecasting – Making sense of your numbers to inform smarter decisions. Cash Flow Management – Developing strategies to improve your cash position and future planning. Quarterly Business Reviews – Keeping you accountable and on track throughout the year. Now is a great time to take stock and set your business up for the new financial year. Whether you're looking to grow, manage risk, improve profitability, or plan for succession, our advisory services can help you get clarity and take action with confidence. Our approach is collaborative and long-term – we become part of your team. Based in Hamilton, Victoria, we bring regional knowledge, genuine relationships, and deep commercial expertise to help you and your business thrive. To learn more or book a confidential discussion, get in touch with our team. 03)5571 0111
Tax time is here – but don’t rush it! Here's what you need to know to get it right this year. When can you lodge? You can lodge anytime from 1 July, but the ATO recommends waiting until late July so your data (like income, interest, health insurance and dividends) can auto-fill correctly. In 2024, over 140,000 early lodgers needed amendments due to missing info. Waiting reduces errors and delays in processing. Key Dates: • Lodging yourself? Do it online via myGov by 31 October. • Lodging with CoggerGurry? Contact us to book your appointment. What’s new from 1 July 2025: • Parental Leave: Extended to 24 weeks & superannuation paid • ATO Interest: No longer tax-deductible • Minimum Wage: Increased to $24.95/hr Top tips while you wait to lodge: • Check your bank & contact details • Ensure your income statement is marked “Tax Ready” • Gather receipts, diaries & private health details • Review ATO deduction guides for your occupation Need help or not sure where to start? We’ve got you covered – get in touch today. - 03) 5571 0111
