Timely Bookkeeping

11/07/2026

The ATO's draft Practical Compliance Guideline gives a clearer picture of how it'll treat employers during year one of Payday Super.

The risk breakdown:
🟢 Paying super each payday and fixing errors promptly → low risk, not a compliance focus
🟡 Still paying quarterly after 1 July 2026 → medium risk
🔴 Unpaid super beyond quarterly due dates → high risk

Compliance resources will target high-risk employers first.

The key message: this isn't a grace period to keep doing things the old way. It's support for employers genuinely trying to adopt Payday Super, not a free pass for those who don't.

Learn more: https://www.icb.org.au/s/news/ato-signals-first-year-payday-super-approach-MCAZJ7O3F2VFDDBLF6AGNXJL6EDA?utm_source=Facebook&utm_medium=organic

02/07/2026

Payday Super is now upon us, so remember to pay your super the same day you pay wages. Here's the ATO guidance on compliance in the first year.

An employer's guide to how the ATO is approaching compliance with super guarantee in the first year of Payday Super.

02/06/2026

The Fair Work Ombudsman today announced their annual wage increase which will apply for the first full pay period starting on or after 1 July 2026. Wages are set to rise by 4.75%. The pay guides will be updated during the next 4 weeks, so we recommend you subscribe to updates for your award (if you haven't already) so you are notified once these are available.

Subscribe to email updates to help you stay up to date with changes to pay rates and awards.

24/05/2026

Payday Super isn’t far away and the ATO have resources to help you. Deputy Commissioner Rowan Fox (Small Business) hosts an employer webinar, which features Deputy Commissioner Emma Rosenzweig (Payday Super) explaining the steps you need to take to prepare for Payday Super.

21/05/2026

What does the federal budget mean for your business?

Treasurer Jim Chalmers has handed down the 2026–27 federal budget, framing it as a plan for “resilience and reform” at a time of genuine global uncertainty. With the conflict in the Middle East weighing on fuel prices and cost-of-living pressures still biting, this budget has had to balance im...

23/04/2026

With the Pay Day Super start date fast approaching, are you across all the requirements and setup in your payroll system? Please give us a call if you want to know more or need a hand ensuring your systems are ready for 1 July 2026.

11/04/2026

Business owners shouldn't be shocked if the ATO and Fairwork show up on there doorstep especially if you are not following the law! It is happening, Gold Coast restaurants and now Winery's.

08/04/2026

Following the temporary reduction in fuel excise duty, make sure you are using the right fuel tax credit rates when making your next claim.

Check you're using the right rates when making your next claim.

07/04/2026

A reminder that the Superannuation Guarantee payment deadline for the January to March 2026 period is Tuesday 28 April 2026.
Xero recommend submitting and approving Auto Super batches before 2pm AEST, Friday 17 April 2026. This should allow contributions to reach super fund providers by the payment deadline.

✨ Payday Super is also on the horizon, so now is a good time to start preparing. Xero's Payday Super resource hub includes guidance on your obligations, how to pay super and how to set up and streamline super in Xero Payroll. 👇

https://www.xero.com/au/programme/payday-super-resources/

31/03/2026

This is a good thing, if they’re doing the work of an “adult” then they should be paid as such, not based on their age. The Building & Construction industry has had this for a long time already, it’s about time other awards were changed.

Thousands of young Aussies are in line to get a significant bump to their pay after the Fair Work Commission decided to phase out junior rates for workers aged 18-20 who have served more than six months in key industries.