From 1 July 2026, the way employers pay super has officially changed. If your business has been making super contributions every quarter, it’s time to adjust. Under the new Payday Super rules, super must now be paid much sooner—within seven business days of each payday. While the change is designed to help employees receive their…
Running a business means constantly balancing cash flow, payroll, compliance obligations, and employee expectations. From 1 July 2026, another important change will be added to that list — Payday Super. While the new rules may require some adjustments to your payroll processes, they are designed to ensure employees receive their superannuation contributions sooner and help…
Australian regulators are increasing their focus on sham contracting, with both the Australian Taxation Office (ATO) and the Fair Work Ombudsman (FWO) stepping up investigations across several industries. Sectors such as building and construction and road freight are already under scrutiny, and regulators are warning businesses that misclassifying workers as contractors instead of employees could…
For many businesses, Fringe Benefits Tax (FBT) has long been treated as a once a year obligation — something addressed after 31 March and then pushed aside until the next cycle. That approach is becoming increasingly risky. In 2026, the Australian Taxation Office (ATO) has clearly signaled that FBT compliance, particularly work vehicles that are used or available for…
As a business owner or investor, time is always in short supply. So it’s no surprise that many people are turning to AI tools like ChatGPT for quick answers on tax deductions, super contributions or structuring ideas. The answers arrive instantly.They sound confident.And they’re free. So… what could possibly go wrong? Quite a lot, actually….
How a Missed Signature Cost a Family Thousands (and What You Can Learn From It) Running a business in Brisbane is hard enough. The last thing you need is an unexpected ATO bill. Worse when its because of one missing document or signature. But that’s exactly what happened in Goldenville Family Trust v Commissioner of…
From 1 July 2025, leaving your tax debts unpaid are more expensive. The ATO’s General Interest Charge (GIC) and Shortfall Interest Charge (SIC) are no longer be tax-deductible. Right now, the GIC rate is 11.17% (very high)… with no chance of a tax break to soften the blow. If you have unpaid tax or use…
Want a bigger retirement fund? If you run a business in Brisbane or Capalaba, you’re already busy keeping clients happy, managing staff, and staying on top of the books. Superannuation often gets pushed aside — but the right contributions at the right time can save tax now and grow your retirement fund faster. Here’s what…
If you had a study or training loan on 1 June 2025, the government has cut your debt by 20% automatically. The ATO will update your account and let you know once it is done. But there are a few things you should do first. Details below. Some People Will Get Refunds Your student loan…
If you’ve ever paid your tax late, you’ll be familiar with the ATO’s General Interest Charge (GIC). Until recently, you could claim that interest as a tax deduction. But not anymore (starting 1 July 2025). Here’s everything business owners and sole traders need to know, and what to do now so you don’t get stung…