Latter Kennedy Accountants & Business Advisors

13/07/2026

13/07/2026

Single Touch Payroll (STP) end of financial year finalisation declaration!

Employers need to make a finalisation declaration by providing a finalisation indicator for an employee (and directors, contractors, etc.) as part of your STP reporting.

Once you have provided the finalisation indicator for the employee, the ATO will pre-fill the employee's income tax return and display the information as 'tax ready' in myGov.

For the 2025-2026 financial year, employers have until today, 14 July 2026 to complete this finalisation declaration. You may be subject to a penalty if you do not make a finalisation declaration before this due date.

12/07/2026

Please note that our office will be closed tomorrow, Monday 13th July 2026.

Normal trading hours commence at 8.30am on Tuesday 14th July 2026.

07/07/2026

Please note that our office will be closed on Monday, 13th July 2026.

Normal trading hours will recommence on Tuesday, 14th July 2026.

07/07/2026

One of the most significant changes to the Australian superannuation system in decades has now commenced.

For many businesses, this represents a major shift from a quarterly payment cycle to a more frequent, real-time obligation.

Read more here 👉 https://latterkennedy.com.au/payday-super-has-arrived-what-employers-need-to-know/

02/07/2026

Single Touch Payroll (STP) end of financial year finalisation declaration!

Employers need to make a finalisation declaration by providing a finalisation indicator for an employee (and directors, contractors, etc.) as part of your STP reporting.

Once you have provided the finalisation indicator for the employee, the ATO will pre-fill the employee's income tax return and display the information as 'tax ready' in myGov.

For the 2025-2026 financial year, employers have until Tuesday, 14 July 2026 to complete this finalisation declaration. You may be subject to a penalty if you do not make a finalisation declaration before this due date.

02/07/2026

Effective from 1 July 2026 there has been an increase to the National Minimum Wage.

Please ensure you check your awards for any changes, and action any wage increases as required.

More information can be found here 👇
https://www.fairwork.gov.au/pay-and-wages/minimum-wages

02/07/2026

The Reserve Bank of Australia (RBA) has confirmed that all surcharges on credit and debit card payments — across eftpos, Mastercard and Visa — will be banned from 1 October 2026.

Read more 👉 https://latterkennedy.com.au/ending-card-surcharges-what-you-need-to-know-before-1-october-2026/

29/06/2026

The Government has announced a staged wind-back of the current Fringe Benefits Tax exemption for electric vehicles, following recommendations from the Statutory Review of the Electric Car Discount released in May 2026.

Review the changes here 👇
https://latterkennedy.com.au/government-to-wind-back-electric-vehicle-fbt-exemption-in-three-stages/

26/06/2026

The 2026–27 Federal Budget, released on 12 May 2026, has received more attention than most budgets in recent years.

While we don’t yet have certainty on how this will all play out, we have outlined what we know so far.

Read here 👉 https://latterkennedy.com.au/key-2026-27-federal-budget-tax-reforms-what-they-mean-for-you/