What does this mean exactly? Simply, from 1st July 2026 you will need to pay your superannuation when you pay your wages. The superfunds have 3 days to process the super, not the 20 days they have now. The issue we foresee is that if things do not match exactly expect the super to be […]
PayDay Superannuation is now Law Read More »
As we approach the new financial year, Xero has announced updates to its subscription pricing for Australian users, effective 1 July 2025, it’s important to understand how these changes may affect your budget and software choices. 💡 What’s Changing? Xero is increasing the monthly fees for several of its business plans. Here’s a breakdown of the
📈 Xero Subscription Fee Increases from 1 July 2025: What You Need to Know Read More »
The Fair Work Commission has officially announced the outcome of its 2024–2025 Annual Wage Review, and it’s time for employers to prepare for the upcoming changes. From 1 July 2025, both the National Minimum Wage and minimum award wages will increase by 3.5% 💰 New Minimum Wage Rates National Minimum Wage: From 1 July 2025, the new rate will be $948.00 per
📢 Minimum Wage Increase from 1 July 2025: What Employers Need to Know Read More »
Parties & Functions Can you claim this as a business expense? Does Fringe Benefits Tax apply? What are fringe benefits, and why do we need to explain them? Whether or not you can claim a party or function as a business expense depends on who attends and where it is being held. In some cases,
Christmas is Approaching!! Read More »
Directors personal guarantee We have found that many of our clients are signing personal guarantees to establish an account with a supplier without any real understanding of what it actually means. Just recently I had a conversation with a business owner who is a director of his company, the trading entity, who had no idea
Directors Personal Guarantees Read More »
Understanding your financial reports is the key to understanding what is happening in your business. Let’s dive into the profit & Loss profit report and uncover what it is. A Profit and Loss Report, also known as an income statement, shows the profitability of your business over a specific period. It can cover any period
Profit & Loss Report – What is it? Read More »
Australia is the lucky country. Employment is at its lowest level in decades. We are hearing in the media about the great resignation worldwide. Retaining staff members can be difficult, especially in today’s economy. So how can you keep your team together and motivated? Have you though about an incentive for your employees? Incentives help
Keeping your staff team Read More »
The importance of effective rostering A properly designed staff roster can ensure your business is getting the best of your employees. However, creating the roster is not a very enjoyable task and is often a balancing act between business requirements, legislative requirements, staff leave requests and customer demands. Without the right information, creating a roster
Rostering Staff Effectively Read More »
What is Long Service Leave? Long Service Leave is a reward for employees who work for a single employer for a long period of time. This offers an incentive for employees to remain in their role long-term. Employees will receive their usual wages while on long service leave; however, this incentive can only be claimed
Long Service Leave Read More »
To navigate the upcoming changes to superannuation, super stapling, as part of the government’s Your Future, Your Super package of reforms. It’s important you understand how these new rules work as they will change how you pay your employees’ super. What is Your Future, Your Super and Super Stapling? As part of the federal Budget