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A major shift is coming to how Australian employers manage super contributions in the form of Payday Superannuation, or simply Payday Super. The payday super reforms are legislative changes designed to improve the frequency of superannuation payments, address unpaid super, and streamline compliance for businesses. From 1 July 2026, all employers will be legally required…
When you’re juggling clients, staff, and endless business decisions, your finances can get messy fast. Hiring a full-time CFO might sound ideal, but it’s expensive and often out of reach for many businesses. What’s easily within reach, though, are outsourced CFO services. They offer expert financial guidance and strategies to boost growth and profitability at…
Running a business is hard enough without getting lost in the numbers. Cash flow, growth plans, and tax time can all feel like a guessing game. But what if you had a seasoned CFO in your corner, guiding every big decision, without paying a full-time executive salary? With an outsourced CFO advisor, you get expert…
You’ve just finished your tax return at tax time. The hard part is done. But then you look at the pile of receipts, invoices, and digital files you’ve gathered over the past year. Now you’re wondering: Do I have to keep all of this? It’s a common dilemma. Individuals, sole traders, and small business owners…
According to the ATO’s Commissioner of Taxation 2023-24 Annual Report, Australia’s collectable tax debt totalled $52.8 billion by June 30, 2024. It’s estimated that as much as $35 billion of that debt is owed by small and medium-sized enterprises (SMEs). Are you one of them? From July 1, 2025, the ATO is stepping up its…
According to the 2024 Australian Payroll Survey by the Australian Payroll Association, 24.1% of employers surveyed were unsatisfied with their payroll technology. Reasons for this dissatisfaction could be outdated systems, poor usability, and a lack of compliance support. What about the effects? Being unsatisfied with your payroll technology can lead to costly errors, wasted time,…
Let’s face it: payroll has never been anyone’s favourite part of running a business! But Single Touch Payroll (STP) is not just another admin task—it’s the law. If your business (or the business you manage payroll or bookkeeping for) has employees—whether one or one hundred—you must report certain payroll information directly to the ATO every…
A lot of real estate and legal jargon gets thrown around when buying a property. If you’re buying for the first time, it can be confusing and overwhelming. Have you heard your real estate agent mention the “exchange of contracts”? This is one of the most crucial steps in securing your new home. What is…
You’re great at running your store: keeping customers happy, managing stock, and making sales. But when it comes to accounting, it’s a different story. One look at your financial reports, and you’re thinking, Why does this all look like a foreign language? If you’ve ever struggled with inventory numbers that don’t match, profit margins that…
STP Phase 2 has been in place for a while now, but are you fully across what it means for your business? Many employers have transitioned, but some are still catching up or are unsure if they’re meeting all the reporting obligations. While this phase of Single Touch Payroll (STP) will make your life easier…