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The new financial year has arrived, bringing higher wages, faster super payments and another round of increasing business costs. Because apparently running a small business was not already keeping everyone sufficiently entertained. From 1 July 2026, minimum award wages increased by 4.75%. Pay Day Super has also begun, meaning employers must now pay super with each pay cycle rather than holding onto it for a quarterly payment. These changes are…  Read more

Running a small business means wearing a lot of hats. Sales, marketing, customer service, admin… and somewhere in the middle of it all, you’re expected to become an expert in bookkeeping, payroll and tax compliance too. It’s no wonder so many business owners decide to “have a crack” themselves. The problem? Your bookkeeping and payroll aren’t just admin tasks. They’re the foundation of every financial decision you make. When they’re…  Read more

Most business owners don’t delay their bookkeeping on purpose.   It usually starts with good intentions. You’re busy serving clients, managing staff, chasing opportunities, and trying to keep everything moving. The receipts can wait. The bank reconciliation can wait. Sorting out that pile of paperwork can wait. Until suddenly it’s three months later, your BAS is due, and you’re wondering where the time went. While putting off bookkeeping might seem…  Read more

We are not saying you are laundering money, but yes, the expanded AML rules might affect you Just when you thought compliance couldn’t get any more exciting… here we are. Australia is tightening its anti-money laundering (AML) rules, and while this might sound like something for big banks and large corporations to worry about, small businesses are about to be pulled into the mix. Before you panic – no, nobody…  Read more

Let’s Bust a Few Myths Around Payday Super Before It Busts Your Payroll By now, you’ve probably heard the term “Payday Super” floating around. Maybe a million times or more ha ha And if your first thought was: “Yep, sounds like a future me problem” … we need to talk. Because this change isn’t just a tweak – it’s going to completely shift how and when you pay super. There…  Read more

Recently Stacey had the opportunity to attend a meeting hosted by Chartered Accountants Australia & New Zealand with the Taxation Ombudsman, Ruth Owen, along with a group of professionals from across the tax and accounting industry. To be honest, she walked into that room feeling like the smallest fish there. In her purple flowy dress and totally inappropriate shoes, she possibly looked like she had gotten off the elevator on…  Read more

Happy New Year, business owners. You survived the Christmas rush, you made a few optimistic resolutions, and now the rules have changed. Again. As soon as January arrives, a fresh batch of legislative updates, compliance tweaks and policy changes land on the desks of Australian businesses. Some are minor, some are significant, and a few have the potential to ruin your week if you miss them. Before we dive in,…  Read more

Yep… even the tax man is raising his prices If you currently owe money to the ATO, I have some news — and it is not the fun kind. From 1 July 2025, the ATO is making a change that means tax debt is about to cost you more. The two most common interest charges applied to late or underpaid tax will no longer be tax deductible. In simple terms?…  Read more