24/07/2026
Hello Friends,
Welcome to your July 2026 Rede Newsletter.
Much is changing in the Business and Taxation environment from July 2026
Payday super is likely to have an impact on every small business cash flow.
Having to pay your super guarantee of 12% within a few days of each payday weekly fortnightly or monthly will squeeze many small businesses
Under Payday Super rules, Qualifying Earnings (QE) is the standardized earnings base used to calculate both your standard Super Guarantee. It generally consists of an employee's ordinary hours of work, replacing the older, sometimes confusing "ordinary time earnings" (OTE) term.
Please make contact with your Rede Client Manager if you feel these changes may result in difficulty in paying your ATO obligations on time, or if you require clarification on Qualifying Earnings?
The ATO is warning all taxpayers against lodging your income tax return too early in case the prefill information is not complete, or if your PAYG Summary is not yet finalised.
As employers, ensure you have finalised your Single Touch Payroll reporting for your workers, prepare & lodge your Taxable Payments Annual Report (TPAR), report your actual wages for WorkCover and Payroll Tax , pay your Superannuation obligations, and prepare your records for the year just ended.
Thank you for your continued support and loyalty, we really do appreciate it!
All the best,
Col, Ken, Annette and the Rede Team
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