Eagle Accounting

02/06/2026

Important update: Fair Work announces 2026 minimum wage increase

The Fair Work Commission has announced this year’s Annual Wage Review decision.

The National Minimum Wage will increase to $1,004.90 per week or $26.44 per hour.

Minimum award wages will increase by 4.75%, provided that:
-the lowest rate in any award that applies to ongoing employment must be at least $1,004.90 per week or $26.44 per hour
- any entry-level rate that applies to the first 6 months (or less) of employment must be at least $978.10 per week or $25.74 per hour.

These increases apply from the first full pay period starting on or after 1 July 2026.

We’re working to update our pay tools and website info with the new rates. You can find more info about the minimum wage increase and subscribe to our email updates to be notified when the new rates are available here: https://www.fairwork.gov.au/about-us/workplace-laws/annual-wage-review/annual-wage-review-2026

27/05/2026

PayDay Super Starts 1st JULY 2026 ‼️

Big changes to super are on the way and from 1st July 2026 you will need to process your super at the same time that you post payruns.

Key points are:
• From 1st July 2026, super is considered late if the super fund hasn’t received it within 7 business days of payday
• To ensure super reaches the fund within 7 business days, process the super at the same time as the payrun
• If super is received late, the ATO will assess the Super Guarantee Charge (SGC)
• Interest will compound daily, and penalties will apply
• The Small Business Super Clearing House closes from 1 July 2026 therefore you will need to use alternative methods to pay super

What you should do now:
✅ Review your payroll and super processes
✅ Start paying your super at the same time as the payruns to get ready– you don’t have to wait until July 2026

Find out more: https://www.ato.gov.au/businesses-and-organisations/super-for-employers/payday-super

27/05/2026

Fuel Tax Credit Update – Don’t Get Caught Using Old Rates

From 1 April to 30 June 2026, the fuel tax credit rate for petrol and diesel is 20.6 cents per litre.

This change is due to the 60.9% temporary reduction in fuel excise.

👉 If you claim fuel tax credits, this update may affect your next BAS.

Not sure what rate applies to you?

✅ The easiest way to get your claim right is to use our fuel tax credit calculator. It’s been updated with the new rates for this period.

Check below for more info!

10/04/2026

ATO APP - VERIFY CALL FEATURE, AND MORE!

Before you abuse an innocent public servant because you believe it is a scammer, check out the ATO app!

The ATO app is a simple and secure way to manage your tax and super on the go — and it now includes features designed to help keep your information safe.

One of the latest features, VERIFY CALL, allows you to check in real time if a call claiming to be from the ATO is genuine. If you can’t verify the call, hang up and don’t continue the conversation.

There are also additional security features to help protect you:
✔️ Real-time alerts when key changes are made to your account
✔️ Account lock if you’re concerned about unauthorised access
✔️ Secure access by registering your device (a quick, one-time step)

The app is free to use — just make sure you download it from official sites such as the Google Play Store or Apple App Store.

We recommend downloading the ATO app, registering your device, and getting familiar with this feature to help keep your personal information safe.

👉 Learn more: ato.gov.au/app

Stay vigilant and remember to stop, check and protect your information.

22/01/2026

📢 ATO Debt Recovery Update – What Businesses Should Know in 2026

As we move into 2026, the Australian Taxation Office (ATO) has reaffirmed its focus on recovering outstanding tax debts, which currently total around $50 billion nationwide.

The ATO has confirmed it is taking a more targeted and assertive approach to debt management, including:

- Increased winding-up actions

- Greater data sharing across industries and government departments

- Continued compliance blitzes and a crackdown on the “shadow economy”

On 7 January 2026, the ATO also advised it is actively using Departure Prohibition Orders (DPOs), with 21 orders issued so far this financial year, preventing individuals with significant tax debts from leaving Australia.

The message is clear: the ATO is showing no signs of slowing down when it comes to enforcing lodgement and payment obligations.

If you have outstanding tax debts, cash flow concerns, or are unsure where you stand with the ATO, now is the time to act.

15/12/2025

🚨 False Chargeback Claims (aka “Friendly Fraud”) 🚨

Small businesses are increasingly being hit with false chargeback claims, where customers request unjustified transaction reversals through their banks — costing businesses time and money.

The Queensland Small Business Commissioner (QSBC) has identified this as a national issue and advises that if your dispute is denied, you should escalate the matter to the Australian Financial Complaints Authority (AFCA).

📄 AFCA has a helpful factsheet on chargebacks : https://www.afca.org.au/about-afca/publications/factsheet-chargebacks

If you’re affected, don’t ignore it — there are steps you can take to protect your business.

24/11/2025

⚠️ Important Update from the ATO
From 1 July 2025, General Interest Charge (GIC) and Shortfall Interest Charge (SIC) will no longer be tax-deductible.
Currently, the rate is around 11% – remember, the ATO is not a bank and isn’t aiming to be competitive.
✅ If you have ATO debts, it may be worth considering external finance options to reduce costs.
✅ If you’re requesting a remission, make sure your application is detailed, matches the debt period, and includes evidence of circumstances beyond your control.
Stay informed and plan ahead to avoid unnecessary interest!

19/11/2025

DIRECTOR PENALTY NOTICE - DPN

ATO are issuing DPN's at alarming rates
A DPN makes the company directors personally liable for unpaid BAS, and employee super obligations of the company
Many directors are not even aware they have a DPN until it is too late!
Please read the Worrells guide to understand the regime

Key takeaways?
* Make sure your address is up to date
* Always lodge on time, even if you cant pay

10/11/2025

HAPPY ACCOUNTANTS DAY !!.

The 10 November date commemorates the day in 1494 that Venetian mathematician Luca Bartolomeo de Pacioli published his critical work on everything about arithmetic, geometry and proportion. His analysis and documentation of bookkeeping practices established his publication as the foundation of accounting and positioned de Pacioli as ‘The Father of Accounting’.

08/09/2025

MASTER BUILDERS GOLF DAY....QUACK !

Eagle Accounting had a quacker of a day on the golf course playing the duck pond game with the building industry punters who showed up in fine form!

Eagle Accounting are proud sponsor of Master Builders QLD
https://www.mbqld.com.au/