Payday superannuation

From 1 July 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. On 2 May 2023 the Australian Government announced that from 1 July 2026, employers will be required to pay their employees’ super at...

The super guarantee rate is increasing – again!

The super guarantee (SG) rate will increase from 11.5% to 12% on 1 July. A reminder to update your payroll systems to align with this change. The new rate will apply to payments made to workers on or after 1 July. Your contributions for each employee are required to...

Changes to deductibility of interest on ATO debts

ATO general interest charges (GIC) incurred from 1 July will no longer be deductible, increasing the cost of carrying a tax debt. Now is a good time to consider paying any overdue ATO debt with changes to the deductibility of GIC coming into effect from 1 July 2025....