Fact or fiction? What you can expect with Payday Super With just 2 months to go until Payday Super begins, there are a lot of questions from employers, and a few common myths too. Let’s clear up a few of the biggest misconceptions. Myth: “There’s nothing to do until 1 July 2026” Let's address this one early. While Payday Super starts on 1 July, many employers will need time to prepare. That might mean planning for cashflow changes, che...

The new year is just around the corner and, while many are thinking about the holidays, a little planning now can help get your finances off to a flying start in 2026. It’s not just getting your paperwork done or starting your end-of-financial-year preparations, it’s also about spending some time considering the strategic side of your personal finances or business operations to make it more successful. Where the ATO is focusing With some changes to personal tax rules this finan...

  Since the lockdowns of 2020-2021, the idea of working from home has become much more mainstream, with many still working from home at least some days of the week in 2024. As we head into the 2023/24 tax season, we offer this refresher on how to claim a tax deduction in your personal tax return, for expenses incurred while working from home. The Australian Taxation Office offers two methods to choose from, when calculating your working from home tax deduction; the fixed rate method an...

New Increased Super Contribution Caps As the end of financial year gets closer, some investors are thinking about the most effective ways to boost their super balance, particularly with an increase in the caps on contributions from 1 July. The concessional contributions cap, which is the maximum in before-tax contributions you can add to your super each year without paying extra tax, is increasing to $30,000 from $27,500 in the new financial year.i The cap increases in line with average we...

We’re all now only too aware of the risk of cybercrime after the well-publicised data hacks of Medibank Private and Optus. Although these crimes involved large organisations, email scams, cyberattacks and online scams also represent a major risk for small businesses, particularly if you don’t have the funds or knowhow to strengthen your digital security. The latest Australian Cyber Security Centre (ACSC) Annual Cyber Threat Report warned no-one was immune to cyber threats, with ...