Bay Business Solutions Group

27/05/2026

End of financial year is quickly approaching! We have given you the information to be EOFY ready! If you need our assistance, call our office to arrange a meeting before it’s too late on (03) 8080-9614.

EOFY is only a month away! Are you prepared? We have given you the tools to know what you need to be EOFY ready! https://lnkd.in/gReCU4Nq

27/05/2026

The SDA has won its legal case to abolish junior rates for younger workers. We’ve outlined which wages will be affected and the potential impact on your wage costs.

“Q: What’s happening with junior wage rates? Have they been amended?”Back in February 2026, we mentioned that junior wage rates may be changing, due to an ongoing legal case brought by the Shop, Distributive and Allied Employees' Association (SDA or ‘Shoppies’) against the Fair Work Commis...

12/05/2026

Last night we heard the Treasurer pass down the 2026 Budget! Below is our take on it.

Australia’s 2026–27 Federal Budget, delivered by Jim Chalmers, focuses heavily on cost-of-living relief, housing affordability, tax reform, and long-term budget repair. The government says the budget is designed to improve “intergenerational fairness” while responding to global economic unce...

07/05/2026

Would you like to know more about the relationship between costs and revenue to make better business decisions?
Book a session today to examine your financial reports with our experienced business advisors.

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure.Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specifi...

05/05/2026

From 1 July 2026, a new tax (Division 296) will be introduced to reduce concessional tax rates on superannuation earnings above $3 million. But how does Division 296 work, and are you affected?

From 1 July 2026, a new tax (Division 296) will be introduced to reduce concessional tax rates on superannuation earnings above $3 million. But how does Division 296 work, and are you affected?What is Division 296?Currently, income earned on superannuation balances is generally taxed at a headline r...

05/05/2026

Need more time to lodge and pay your quarterly BAS?

For an extra 2 weeks, lodge online. Need an extra 4 weeks? Use a registered tax or BAS agent.

💡 Don't forget - you need to lodge a 'nil lodgment' if you have nothing to report.

For more info, visit www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/business-activity-statements-bas/how-to-lodge-your-bas -Lodgmentoptions



Source Australian Taxation Office

How to lodge your business activity statements (BAS) to report and pay your taxes, including GST and PAYG.

27/04/2026

Margin compression is a common challenge in tough economic times. But what exactly is margin compression? And what can you do to reduce this impact on your revenues and profits?



https://lnkd.in/gBXWM_Gw

27/04/2026

Margin compression is a common challenge in tough economic times. But what exactly is margin compression? And what can you do to reduce this impact on your revenues and profits?

With operational costs escalating and the market still sensitive to price rises, you’ll have seen the term ‘margin compression’ being thrown around in many small business forecasts.But what exactly is margin compression? And how does this financial phenomenon impact your sales revenues and ove...

16/04/2026

On 1 July 2026, the Small Business Superannuation Clearing House (SBSCH) will close permanently as part of the Payday Super reforms.

With only a few months left, employers still using the SBSCH need to find an alternative option, and soon.

Don’t wait until the last minuteIf you currently pay your superannuation quarterly, the Australian Taxation Office (ATO) recommends that the super payment for the January-March 2026 quarter (due 28 April 2026) be the last payment you make through the SBSCH. That way, you give yourself time to find...

13/04/2026

A reminder that the Superannuation Guarantee payment deadline for the January to March 2026 period is due Tuesday 28th April 2026.

We suggest you submit and approve Auto Super batches before 2.00pm AEST, Friday 17th April 2026, which should allow for contributions to reach super fund providers no later than the payment deadline of 28th April.

23/03/2026