01/07/2026
Happy New Financial Year!
As we begin the 2026/27 financial year, we'd like to remind business owners of a few important upcoming obligations:
📌 Single Touch Payroll (STP) Finalisation
If you employ staff, your STP reporting for the 2025/26 financial year must be finalised by 14 July 2026. This allows employees to access their tax-ready income statements.
📌 June Quarter Superannuation
Any outstanding superannuation contributions for the June 2026 quarter must be paid by 28 July 2026. This is also the final quarterly super payment due under the previous superannuation system.
📌 Payday Super Has Arrived
From 1 July 2026, all employers are required to pay superannuation at the same time as wages, rather than quarterly. Now is a great time to review your payroll processes and cash flow arrangements to ensure you're ready for the change.
📌 Taxable Payments Annual Report (TPAR)
Businesses in the following industries may need to lodge a TPAR with the ATO by 28 August 2026:
• Building and construction
• Cleaning
• Courier and road freight
• Information technology
• Security, investigation or surveillance
If you've made payments to contractors during the year, or are required to lodge a nil report, don't forget to lodge by 28 August 2026.
📌 New AML/CTF Requirements
From 1 July 2026, new Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) requirements begin affecting accounting firms. As these obligations are introduced, you may notice us requesting additional information or identity documentation for certain services. These changes are designed to help protect Australia's financial system, and we appreciate your understanding and cooperation.
Remember if you need assistance with any of these requirements, please don't hesitate to contact our team. 😊