rom your very first idea about starting a business right through to exiting the business, there is a wealth of information at your fingertips. One of the most essential things to consider when running a business is that cash flow is king.
As the end of the financial year (EOFY) approaches, businesses are gearing up for the flurry of activities that come with it. From reconciling accounts to preparing financial statements, there’s a lot to manage. Following are some hints and tips to ensure a smooth EOFY process as you navigate year-end challenges.
From July 1st 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. This is known as Payday superannuation. The start date will provide employers, super funds, and payroll providers with sufficient time to prepare for the change. This measure is not yet law.
Whilst there are benefits to Payday superannuation, there are also some potential problems to consider.
Read on to learn more.
Superannuation Guarantee due dates With the final quarterly Superannuation Guarantee (SG) payment for the year coming up, it’s a good time to review your obligations as an employer. SG payments must be received into the employees’ funds by the due date. Quarter 1 | July – September | October 28thQuarter 2 | October – December […]
Employers are required to do the STP finalisation declaration by the 14th of July. It’s important to meet this deadline to ensure your employees can access their Income Statements to complete their income tax returns.
The end of the year can be a hectic and stressful time for business owners. It’s important to take a moment to breathe and focus on managing the workload effectively. Here are some tips to help you stay calm, make a plan, and meet compliance deadlines: Prioritise tasks Start by identifying the most important and […]
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