Tax rates and thresholds can change each year, affecting deductions, tax payable and planning before 30 June. Key areas to check include work-from-home claims, car expenses, small business asset write-offs, super contributions and HELP repayment thresholds.
Rejected payday super contributions must be fixed quickly. From 1 July 2026, employers will need to identify errors, update details and resubmit payments within the required timeframe to avoid potential penalties.
Proposed super changes could mean higher tax on large balances and increased support for low-income earners. While most Australians would not be affected, the changes may still be important for retirement and tax planning.
Paying super quarterly is on the way out. From 1 July 2026, “payday super” means super guarantee will need to be paid each time you run payroll and generally received by the fund within 7 business days. Here’s what’s changing, what it means for your cashflow and systems, and how to get ready.