Papas and Co Services

Papas and Co Services Book Keeping, BAS & Financial Services

The Fair Work Commission has announced a 4.75% increase to minimum award wages, effective from the first full pay period...
02/06/2026

The Fair Work Commission has announced a 4.75% increase to minimum award wages, effective from the first full pay period on or after 1 July 2026. This increase will affect millions of Australian employees who are paid under a Modern Award.

For businesses already feeling pressure from rising wages, superannuation, and operating costs, now is the time to ensure your payroll remains compliant and your pricing strategy supports profitability.

Remember: Paying above award doesn't automatically mean you're compliant. Annual salary arrangements and Individual Flexibility Agreements should also be reviewed when award rates increase.

Don't wait until your first July pay run to find out something has been missed.

đź“© Need help reviewing your payroll, award rates, or business cash flow? Send us a DM.

The $20,000 Instant Asset Write-Off is now permanent for eligible small businesses — which means more opportunities to i...
29/05/2026

The $20,000 Instant Asset Write-Off is now permanent for eligible small businesses — which means more opportunities to invest in your business strategically. 👏

But here’s the reality:
A tax deduction still costs you money. đź’¸

The businesses that benefit most are the ones that understand:
✔️ Their cash flow
✔️ Their profit margins
✔️ Their tax position
✔️ When purchasing actually makes sense

Swipe through to learn what this means for your business 👉

Need help understanding your numbers? DM us.

Do You Know What’s Really Happening inside Your Business?Revenue is coming in. Bills are getting paid.But do you actuall...
06/05/2026

Do You Know What’s Really Happening inside Your Business?

Revenue is coming in. Bills are getting paid.
But do you actually know what your numbers are telling you?

Are you:
• Making a profit — or just staying busy?
• Tracking your cash flow — or guessing?
• Seeing where your money is going — or just hoping it’s under control?

Many business owners operate without clear financial visibility — and that’s where problems can quietly build.

Good bookkeeping isn’t just about staying compliant.
It’s about understanding your business, making informed decisions, and planning for growth with confidence.

💡 When you know your numbers, you’re in control.

💬 If you want clarity in your business, send us a DM — we’re here to help.

📢 Payday Super Is Coming — 1 July 2026From 1 July 2026, Australian businesses will be required to pay superannuation at ...
08/04/2026

📢 Payday Super Is Coming — 1 July 2026

From 1 July 2026, Australian businesses will be required to pay superannuation at the same time as wages — not quarterly.

This change, known as Payday Super, is designed to improve employee outcomes — but it also means big changes for business owners.

Here’s how it may impact your business:

✔️ Cash Flow Changes — Super will need to be funded more frequently, requiring better cash flow planning
✔️ More Payroll Accuracy Required — Errors will need to be identified and corrected quickly
✔️ Increased Compliance Expectations — The ATO will have greater visibility over super payments
✔️ Process & System Updates — Payroll systems may need to be reviewed and updated
✔️ Less Room for Delays — Missing payments could trigger faster penalties and compliance action

💡 What This Means For Business Owners
Payday Super shifts superannuation from a quarterly task to an ongoing payroll responsibility.

Businesses that prepare early will have smoother transitions and fewer surprises.

Now is the time to:
• Review payroll processes
• Check your systems
• Plan for cash flow adjustments
• Ensure compliance

💬 Want help preparing for Payday Super?
Comment SUPER or send us a DM.

Clear books mean clearer decisions, better planning, and more confidence in where your business is heading.You don’t hav...
08/03/2026

Clear books mean clearer decisions, better planning, and more confidence in where your business is heading.

You don’t have to figure it all out on your own.

The right systems — and the right support — can make running your business a whole lot easier.

Take it one step at a time. Your future self (and your business) will thank you.

💬 If you’re ready for clearer numbers and less stress, send us a DM — we’re here to help.

⏳ What If You Could Buy Back Your Time?As a business owner, your time is one of your most valuable assets — but too ofte...
03/03/2026

⏳ What If You Could Buy Back Your Time?

As a business owner, your time is one of your most valuable assets — but too often it gets swallowed by admin, reconciliations, payroll, and paperwork.

The real question is:
Are you spending time in your business… or working on it?

Outsourcing your bookkeeping isn’t just about clean numbers — it’s about freeing up your time to focus on growth, strategy, and the parts of your business you actually enjoy.
✨ Less late nights on the books
✨ More time for high-value work
✨ Clear, accurate financials
✨ Staying Compliant with the ATO
✨ Peace of mind knowing it’s handled

That’s the power of buying back your time.

đź’¬ Ready to take bookkeeping off your plate? Send us a DM.

M

🍽️ For the past 15 years, we’ve been lucky enough to work with some of our favourite restaurants and cafés.At Papas and ...
19/02/2026

🍽️ For the past 15 years, we’ve been lucky enough to work with some of our favourite restaurants and cafés.

At Papas and Co Services, hospitality isn’t just another industry to us — it’s a passion.

Over the years, we’ve supported venues through growth, staffing changes, rising costs, and everything in between. We understand the unique pressures hospitality businesses face every day:

✔️ Tight profit margins
✔️ Complex award rates & penalty calculations
✔️ High-volume transactions
✔️ Cost of sales & stock control
✔️ Payroll & compliance requirements

Hospitality moves fast — and your bookkeeping needs to keep up.

Our goal? To give you clear numbers, better visibility, and confidence in your business decisions.

If you’re in hospitality and want bookkeeping support from a team that truly understands your industry…

💬 Send us a DM — we’d love to chat.

PayrollSupport

📣 BAS Reminder — December Quarter Due 28 FebruaryJust a friendly reminder that the December quarter BAS is due on 28th F...
16/02/2026

📣 BAS Reminder — December Quarter Due 28 February

Just a friendly reminder that the December quarter BAS is due on 28th February.

If you’re lodging yourself, now’s the time to:
✔️ Reconcile your accounts
✔️ Finalise your GST figures
✔️ Check payroll & PAYG withholding
✔️ Review for any errors before submitting

Leaving it to the last minute can mean unnecessary stress (and potential penalties).

Need help getting it lodged on time and done correctly?

💬 Send us a DM — we’re here to make BAS season simple.

AustralianBusiness

💡 The Hidden Costs of Payroll — Are You Accounting for Everything? Payroll isn’t just wages. Behind every employee are a...
13/02/2026

💡 The Hidden Costs of Payroll — Are You Accounting for Everything?

Payroll isn’t just wages. Behind every employee are additional costs that can quietly impact your cash flow and profit margins if they’re not tracked properly.

Here are some of the most common hidden payroll costs Australian businesses face:

✔️ Superannuation – Employer contributions, currently 12%, that increase total wage costs and must be calculated and paid on time.

✔️ WorkCover Insurance – Premiums based on wages that can rise as your team grows.

✔️ Leave Entitlements – Annual leave, sick leave, and long service leave all add to the true cost of employment.

✔️ Payroll Tax – State-based thresholds that can catch growing businesses by surprise.

✔️ Allowances & Penalty Rates – Awards, overtime, and loadings that affect real labour costs.

✔️ Compliance & Admin Time – STP reporting, record keeping, and payroll processing that take valuable time and resources.

💡 Practical Example —
Let’s say you have an employee earning $30/hour working 20 hours per week:

👉 Base wages: $600/week

Now add the hidden on-costs:
✔️ Superannuation (12%) = $72
✔️ Estimated WorkCover (approx. 2%) = $12
✔️ Leave & Entitlement Accruals (for part-time/full-time roles) = approx. $40–$60+ equivalent cost
✔️ Payroll Admin & Compliance Time = hidden internal cost
✔️ Potential Payroll Tax (depending on state thresholds)

📊 That $600 employee can realistically cost $700–$750+ per week once true payroll costs are factored in.

Understanding your true payroll costs helps you price smarter, plan ahead, and protect your margins

AustralianBusiness

Hidden costs in business have a way of sneaking up on you — quietly leaking your profit margins without you even realisi...
10/02/2026

Hidden costs in business have a way of sneaking up on you — quietly leaking your profit margins without you even realising.

From rising overheads and compliance expenses to untracked purchases and increasing cost of sales, small gaps in your numbers can add up fast. The good news? With the right financial visibility, you can spot the leaks early and make more confident decisions.

👇 Comment below if you want to know what other hidden costs might be hiding in your business.

Address

Sanders Street
Brisbane, QLD
4122

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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