Hood Sweeney

Hood Sweeney Professional services firm offering Accounting, Business Advisory, Financial Planning & Consulting.

Professional services firm offering Accounting & Business Advisory, Financial Planning, Technology, Finance & Consulting.

Payday Super will put payroll systems under real pressure from 1 July 2026. With super moving in line with every pay cyc...
03/06/2026

Payday Super will put payroll systems under real pressure from 1 July 2026.

With super moving in line with every pay cycle, employers will need to be confident their systems can process STP‑enabled super, handle back‑pay and off‑cycle runs, and meet clearing times so contributions land within seven days.

For many businesses, this is less about cash flow and more about whether payroll, HR and finance workflows are ready for a higher‑frequency super environment.

If your current setup relies on manual steps or the ATO Clearing House, now is the time to review your processes and transition to a solution that integrates cleanly with payroll.

https://www.hoodsweeney.com.au/news/payday-super-a-timing-reform-that-reshapes-business-operations

Under Payday Super, your pay cycle becomes your super cycle. From 1 July 2026, employers will need to align super paymen...
02/06/2026

Under Payday Super, your pay cycle becomes your super cycle.

From 1 July 2026, employers will need to align super payments with every pay run, weekly, fortnightly or monthly, with no quarterly buffer to fall back on.

This shift applies to more than base wages. Back pay, adjustments, off‑cycle runs, bonuses and commissions will all trigger super at the same frequency as payroll. For businesses with variable or high‑volume pay cycles, this is where operational pressure will show up first.

Now is the time to review whether your payroll system, clearing times and internal workflows can support higher‑frequency super without delays.

Our full article outlines what’s changing and what to prepare for before July:
Under Payday Super, your pay cycle becomes your super cycle.
From 1 July 2026, employers will need to align super payments with every pay run, weekly, fortnightly or monthly, with no quarterly buffer to fall back on.
This shift applies to more than base wages. Back pay, adjustments, off‑cycle runs, bonuses and commissions will all trigger super at the same frequency as payroll. For businesses with variable or high‑volume pay cycles, this is where operational pressure will show up first.

Now is the time to review whether your payroll system, clearing times and internal workflows can support higher‑frequency super without delays.

Our full article outlines what’s changing and what to prepare for before July:
https://www.hoodsweeney.com.au/news/payday-super-a-timing-reform-that-reshapes-business-operations

A step forward in your career. A step away from the city.What if you could swap the daily commute for rolling hills, wor...
02/06/2026

A step forward in your career. A step away from the city.

What if you could swap the daily commute for rolling hills, world-class wineries, and a lifestyle that feels like a weekend getaway?

We’re looking for a Senior Accountant to join our Clare office.

Less than two hours from Adelaide, Clare sits at the heart of the iconic Riesling Trail and is surrounded by some of Australia’s most celebrated wineries.

Clare offers a family-friendly lifestyle, with access to high-quality public and private schools, along with diverse employment opportunities across agriculture, healthcare, tourism, industry, retail and professional services.

The town is vibrant and well serviced, featuring renowned restaurants and cafés, a bustling main street with major supermarkets and retail stores, and a range of fitness facilities including 24/7 gyms, CrossFit, saunas, swimming pools and a local golf club.

Residents also benefit from a well-appointed local hospital and a strong network of doctors and other allied health services.

Clare offers the best of both worlds, a relaxed regional lifestyle with easy access to Adelaide, as well as the beach, the Riverland and the Flinders Ranges.

If you are looking for the next step in your career and a change of scenery, apply via the link below for the Senior Accountant position at Hood Sweeney.

https://au.seek.com/job/92058932?type=standard&ref=search-standalone&origin=cardTitle =39f59cf4a8c6726f4145da2dbc1526afbd671cea

Payday Super is coming on 1 July 2026 and it changes how payroll operates, not how much you pay.The quarterly buffer dis...
01/06/2026

Payday Super is coming on 1 July 2026 and it changes how payroll operates, not how much you pay.

The quarterly buffer disappears, and super will now move in line with every pay cycle.

For many employers, the shift is less about cash and more about systems, timing and process readiness.

Payroll frequency now determines super timing. STP‑enabled payments, clearing times and internal workflows all matter more than before.

July will be the practical test, with both the final quarterly payment and the first payday contributions falling in the same month.

The ATO has also confirmed the Small Business Superannuation Clearing House will close on 30 June 2026, so employers using it will need to transition to an alternative solution.

If your business wants support preparing for the change, Hood Sweeney’s Accounting & Business Advisory team can help.

https://www.hoodsweeney.com.au/news/payday-super-a-timing-reform-that-reshapes-business-operations

Strengthening financial and compliance systems before 30 June helps wineries reduce manual errors and improve audit read...
30/05/2026

Strengthening financial and compliance systems before 30 June helps wineries reduce manual errors and improve audit readiness. With WET and GST requiring separate reconciliation, accurate data capture is essential, particularly for wineries with a mix of wholesale, retail and cellar door sales. Clean systems now mean fewer surprises when finalising EOFY reporting.

Payroll and superannuation processes also need attention. With super at 12 per cent and Payday Super approaching, wineries benefit from reviewing payroll workflows, ensuring classifications are correct and confirming that super is calculated and paid on time for all employees, including casual and seasonal staff. These steps support compliance and reduce the risk of penalties.

Digital tools such as QuickBooks, RevenueSA Online and ATO calculators can streamline reporting and reduce reliance on manual spreadsheets. Updating or implementing these systems ahead of FY26 helps wineries stay compliant as obligations continue to evolve.

A full overview is available here: https://www.hoodsweeney.com.au/news/key-compliance-updates-wineries-need-to-know-before-30-june

The lead‑up to 30 June is the time for wineries to review their core compliance settings, particularly where sales chann...
29/05/2026

The lead‑up to 30 June is the time for wineries to review their core compliance settings, particularly where sales channels or staffing models have shifted during the year. WET calculations should be checked to ensure the chosen method still reflects the current sales mix, and eligibility for the Average Wholesale Price Method should be confirmed if wholesale volumes have changed.

Workforce settings also need attention. Cellar door classifications should be audited against the Wine Industry Award 2020, and FY26 staffing costs modelled to account for superannuation at 12 per cent and penalty rates across weekends, events and tourism peaks. These adjustments help avoid underpayments and support more accurate budgeting.

Wineries should also assess whether total wages will exceed the $1.5 million payroll tax threshold and prepare for registration if required. Updating record‑keeping systems for WET, GST, payroll and superannuation now reduces the risk of errors at audit time.

A full checklist is available here: https://www.hoodsweeney.com.au/news/key-compliance-updates-wineries-need-to-know-before-30-june

Workforce compliance continues to tighten for South Australian wineries, particularly those with growing cellar door, to...
28/05/2026

Workforce compliance continues to tighten for South Australian wineries, particularly those with growing cellar door, tourism and event operations. Cellar door employees fall under the Wine Industry Award 2020, which sets minimum rates, classifications and penalty conditions across weekends and public holidays. Ensuring roles are correctly classified is essential as staffing models become more flexible and seasonal.

Superannuation has now increased to 12 per cent for all employees, including casual and vintage‑period workers. Combined with rising labour costs and expanded visitor operations, more wineries are also reaching the South Australian payroll tax threshold of $1.5 million in total wages.
Understanding when registration is required helps avoid penalties and supports accurate budgeting for FY26.

EOFY is the right time to review classifications, model staffing costs and confirm payroll tax exposure. A full summary of the key workforce obligations for wineries is available here: https://www.hoodsweeney.com.au/news/key-compliance-updates-wineries-need-to-know-before-30-june

Wine Equalisation Tax (WET) remains one of the most technical compliance areas for South Australian wineries, particular...
27/05/2026

Wine Equalisation Tax (WET) remains one of the most technical compliance areas for South Australian wineries, particularly those with a mix of wholesale, retail and cellar door sales. Choosing between the Half Retail Price Method and the Average Wholesale Price Method directly affects the amount of WET payable, making accuracy essential in the lead‑up to 30 June.

Wineries using the Average Wholesale Price Method must also meet the 10 per cent wholesale sales requirement, which can shift year‑to‑year depending on distribution channels, tourism activity and direct‑to‑consumer performance. With many producers expanding events and on‑site experiences, reviewing eligibility early helps avoid miscalculations.
WET and GST must be reconciled separately, as WET is based on notional wholesale value rather than retail price. Ensuring systems capture the correct data now reduces audit risk and supports cleaner EOFY reporting.

A full breakdown of WET requirements is available here: https://www.hoodsweeney.com.au/news/key-compliance-updates-wineries-need-to-know-before-30-june

A great turnout at the ADA SA Whole of Practice: Infection Control and More Seminar on Friday at the Hilton Adelaide.As ...
26/05/2026

A great turnout at the ADA SA Whole of Practice: Infection Control and More Seminar on Friday at the Hilton Adelaide.

As the long‑term preferred accounting and financial planning partner of the Australian Dental Association SA Branch Inc., it was a pleasure to be there, hand out Hood Sweeney goody bags and gift one lucky attendee a gourmet food and wine hamper.

Our Health team had plenty of conversations throughout the day from payday super and compliance pressures to business growth questions that continue to shape dental practices across the state.


Well done ADA SA on another successful seminar and thank you to all attendees who stopped by for a chat.


EOFY carries extra weight for South Australian wineries because they operate across agriculture, manufacturing, retail a...
26/05/2026

EOFY carries extra weight for South Australian wineries because they operate across agriculture, manufacturing, retail and hospitality. This mix creates a broad compliance load, particularly around WET, payroll tax, superannuation and award coverage for cellar door and tourism staff.

South Australian rules add further complexity. Payroll tax applies once total wages exceed $1.5 million, superannuation is now 12 per cent for all employees, and cellar door roles must align with the Wine Industry Award 2020. With many wineries expanding events and visitor operations, these thresholds are being reached more often.

EOFY is the point to review tax settings, reconcile WET and GST correctly, and ensure staffing classifications and payroll systems reflect current legislation.

A full summary of the key updates is available here: https://www.hoodsweeney.com.au/news/key-compliance-updates-wineries-need-to-know-before-30-june

Address

167 Fullarton Road
Adelaide, SA
5065

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5pm

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