A property manager’s annual statement is useful. It summarises rent received, management fees and expenses paid on behalf of the owner. But it is not always enough to support every deduction in a tax return. The ATO expects rental property owners to keep records that show what the expense was, when it was incurred, how it relates to producing rental income, and whether it is immediately deductible or capital in nature.
Why statements can be misleading
Property manager statements often use short descriptions such as repairs, maintenance, plumbing, electrical, cleaning or owner charges. Those descriptions may be accurate enough for property management, but not detailed enough for tax. A $900 plumbing item might be a repair to a leaking pipe, an improvement to the property, or part of a larger renovation. The tax treatment can differ significantly.
Repairs versus improvements
One of the major rental property issues is the difference between repairs and capital improvements. A repair generally restores something to its previous condition. An improvement makes it better, changes the character of the asset or forms part of a larger capital project. Immediate deduction may not be available for capital works or depreciating assets. Without invoices and descriptions, it can be difficult to determine the correct treatment.
Private use and availability for rent
Landlords also need records showing whether the property was genuinely available for rent and whether there was any private use. Holiday homes, short-term rentals and properties used by family members are common risk areas. If the property was not genuinely available for rent for part of the year, expenses may need to be apportioned. A property manager statement may not capture all of those facts.
Records landlords should keep
Landlords should keep the annual property manager statement, invoices for repairs and maintenance, loan interest statements, council rates, water notices, strata levies, insurance invoices, land tax assessments, depreciation schedules, settlement statements, legal invoices, borrowing cost records and evidence of any periods of private use. Bank statements can also help confirm payment timing where invoices are unclear.
Do not wait until tax time
The best rental property records are built during the year, not reconstructed in July from a pile of emails and a vague memory. Set up a folder for each property and save invoices as they arrive. If a property manager arranges work, ask for the invoice and a description of the work performed. Future you will be grateful. Future you may even buy current you a coffee.
The Fiscal Artisans view
Rental property tax is not just about putting the annual statement into a return. It is about understanding the nature of each item and making sure the claim can be defended if the ATO asks questions. The ATO continues to treat rental properties as a high-error area, and landlords should expect claims to be reviewed where the records do not support the treatment.
This article is not just about the general move to TPAR pre-fill. It is about the practical caution that comes with any new data feed: check before you lodge. When new pre-fill information appears in tax software, taxpayers and advisers need to understand what the data represents, whether it belongs to the taxpayer, and whether it aligns with the accounting records.
The risk for contractors
A contractor may see pre-filled payments and assume the number is correct. That can be risky. If the figure is too low, the taxpayer may understate income. If the figure is too high, duplicated or incorrectly attributed, the taxpayer may overstate income and pay too much tax. If the figure is accepted without review, later amendments may be needed. None of these outcomes is ideal. Tax time already has enough moving parts without inviting extra chaos to the party.
What to reconcile
Contractors should reconcile pre-filled TPAR amounts against invoices issued, bank receipts, accounting software, customer statements and GST reports. The reconciliation should identify which customer reported the payment, whether the amount includes GST, whether reimbursements are included, and whether the timing matches the financial year being lodged. If the contractor operates through multiple ABNs or related entities, the ABN and entity name should also be checked carefully.
What businesses should check
Businesses lodging TPARs should review the reports before submission. Incorrect ABNs, old contractor details, duplicated payments and gross amounts that do not match records can all create problems. A business that reports incorrectly may not see the problem immediately, but the contractor receiving the pre-filled amount certainly will. That can damage relationships and create unnecessary back-and-forth at tax time.
Do not delete without understanding
If pre-filled information appears incorrect, respond carefully. Do not simply delete or ignore data without keeping a record of why. Prepare a working paper that explains the difference and keep evidence. If the amount does not belong to the taxpayer, document the reason. If the amount is assessable but recorded elsewhere in the tax return, ensure it is not duplicated.
When to delay lodgement
Where TPAR data is material and the reconciliation is unresolved, it may be better to pause the lodgement. A short delay to verify income is usually better than lodging a return that may immediately trigger questions. This is particularly important for contractors in construction, cleaning, courier, IT, road freight and security industries.
The Fiscal Artisans approach
At Fiscal Artisans, the approach is to treat pre-fill as a prompt, not a conclusion. The question is not ‘what number appeared?’ The question is ‘what number is correct, and how do we prove it?’ That is the difference between data entry and tax advice.
Final word
TPAR pre-fill can help improve accuracy, but only if it is reviewed properly. Contractors should check income figures before lodging, and businesses should lodge TPARs carefully. If the pre-filled figure does not make sense, stop and reconcile. The ATO may be improving the data trail, but the taxpayer still needs to make sure the destination is correct.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
Contractor payments are becoming more visible at tax time. Under the Taxable Payments Reporting System, businesses in certain industries lodge a Taxable Payments Annual Report, or TPAR, reporting payments made to contractors. From July 2026, reported TPAR amounts can pre-fill directly into tax returns for contractors and sole traders. That makes the ATO’s data matching more immediate and more useful.
Who is affected
The TPAR system applies to businesses providing or engaging contractors in industries including building and construction, cleaning, courier, road freight, information technology, and security, investigation or surveillance services. Contractors in these industries should assume that at least some customer-reported income may be visible to the ATO. Businesses lodging TPARs should assume their reports may affect the tax returns of the contractors they pay.
Pre-fill is useful, not perfect
Pre-filled information can reduce manual entry and highlight income that might otherwise be missed. But it should not be treated as a complete accounting record. A contractor’s tax return should still be reconciled to invoices, bank receipts, accounting software and customer remittance records. The ATO data is an important cross-check, not a substitute for the taxpayer’s own records.
Why differences happen
Differences can arise for several reasons. A customer may report GST-inclusive amounts, reimbursements, retention payments, amounts paid to the wrong ABN, duplicate records, or payments relating to a different period. Some income may not appear in pre-fill at all, particularly if the customer is not required to lodge a TPAR or has lodged late. Contractors still need to declare all assessable income, whether it appears in pre-fill or not.
Business clients lodging TPARs
Businesses that lodge TPARs should check contractor names, ABNs and gross payment amounts before submission. Incorrect reporting may create unnecessary problems for contractors and may lead to follow-up queries. TPARs are not just internal compliance paperwork. They feed a wider data system. In accounting terms, that means the numbers have legs — and sometimes they walk straight into someone else’s tax return.
Contractor action list
Contractors should reconcile ATO pre-fill information to their accounting records, investigate differences, retain invoices and bank evidence, check whether GST has been included, and avoid simply accepting or deleting pre-filled amounts without understanding them. Where there are multiple customers, the reconciliation should be done customer by customer.
The Fiscal Artisans view
For contractors, this development reinforces the need to keep accounting records current throughout the year. For businesses, it reinforces the need to prepare TPARs accurately. The ATO is increasing the use of third-party business data, and this is unlikely to reverse. Clean records will make tax time easier. Messy records will make pre-fill feel less like a helpful tool and more like a very persistent detective.
Final word
TPAR pre-fill is not something to fear, but it is something to check. Contractors should reconcile before lodging. Businesses should report carefully. The objective is not to outguess the ATO; it is to ensure the tax return and the data trail tell the same story.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
The ATO Small Business Superannuation Clearing House has closed as part of the Payday Super reforms. For many small employers, the clearing house was a familiar process: calculate super, submit one payment, and let the system distribute contributions to employee funds. That process is no longer available. Employers that previously relied on it need to have an alternative SuperStream-compliant payment method in place.
Why this matters now
This is not just an administrative change. It affects payroll timing, employee super payments, record keeping and compliance risk. If the old clearing house process is still sitting in someone’s monthly checklist, it needs to be removed. A business cannot meet its obligations through a system that no longer accepts payments. That may sound obvious, but old habits are surprisingly durable, particularly when payroll is being run under pressure.
What employers should use instead
Employers should review their payroll software, commercial clearing house options, and super fund payment services. Many modern payroll platforms include super payment functionality, but the business must confirm that the feature is active, correctly configured and suitable for Payday Super timing. It is not enough to assume that because the software has a button labelled ‘super’, the entire compliance process is solved.
Records still matter
Former users should also ensure they have retained historical records from the SBSCH. Those records may be needed for employee enquiries, ATO super guarantee reviews, payroll reconciliations or disputes about payment timing. If records were downloaded before closure, they should be stored securely with payroll records. If they were not, the business may need to reconstruct evidence from bank statements, accounting records and fund confirmations.
Common transition risks
Common risks include employee fund details not transferring correctly, rejected payments not being followed up, clearing house processing delays, old payroll categories being used, and the person responsible for payroll assuming that someone else has changed the process. Another common risk is cashflow. Moving from quarterly super payments to payday-based timing reduces the ability to treat super as a deferred cost. It should be built into each pay run.
Action list for employers
Employers should confirm the new payment method, test it before the next pay run, update payroll procedures, verify employee super fund details, retain historical payment evidence, and monitor the first few payments carefully. Any rejected or returned contribution should be dealt with immediately. Under Payday Super, error correction needs to be fast.
The Fiscal Artisans view
The closure of the SBSCH is one of those practical changes that can cause disproportionate trouble if missed. It is not glamorous. It does not make for thrilling dinner conversation. But it can determine whether super is paid on time. In payroll compliance, boring systems are often the best systems — provided they work.
Final word
Small-business employers should not wait for the next super deadline to discover that the old process is gone. Review the payment method now, make sure responsibilities are clear, and keep records of every payment. If your business previously used the SBSCH and has not yet tested its replacement process, this should be treated as urgent.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
PAYG instalments have never been a favourite small-business topic. They are often calculated from historic tax results, which means they can feel out of step with what is happening in the business today. Dynamic PAYG instalments are intended to move the system closer to current business performance, using approved software calculations to adjust instalments as conditions change.
Why the idea matters
For businesses with fluctuating income, seasonal activity, growth phases or sudden slowdowns, static instalments can create friction. A business may be paying instalments based on last year’s profit while this year’s cashflow is tighter, or it may be underpaying during a growth year and then facing a larger catch-up bill. A more dynamic system could help align tax payments with the actual operating reality of the business.
What is being proposed
The announced direction is that small and medium businesses may be able to opt in to monthly PAYG instalments using an ATO-approved calculation embedded in accounting software. Pilot arrangements and draft compliance guidance are being developed before broader commencement. While this is not an immediate action item for every business, it is a clear signal that tax administration is moving toward more frequent, data-connected reporting.
The opportunity
If designed well, dynamic PAYG could improve cashflow management. Smaller monthly payments may be easier to plan than larger quarterly instalments. The calculation could also respond more quickly to changes in trading conditions. For businesses already maintaining accurate Xero or accounting software files, this could become a practical advantage. Good data may translate into better timing.
The risk
The risk is that poor data produces poor instalments. If coding is inaccurate, bank reconciliations are behind, payroll is inconsistent or private expenditure is mixed into business accounts, a software-driven calculation may simply give a confident answer to the wrong question. That is efficient, but not necessarily helpful. Automation is only as good as the records underneath it.
How businesses should prepare
Businesses should use the lead time to improve bookkeeping discipline. That includes keeping bank feeds current, coding income and expenses correctly, reconciling GST and PAYG accounts, reviewing director drawings, checking payroll categories, and preparing regular management reports. If dynamic PAYG becomes available, businesses with clean data will be ready to take advantage of it.
The Fiscal Artisans view
This reform aligns with a broader shift in tax administration: the ATO wants reporting to be more timely, more automated and more connected to business systems. That is not necessarily a bad thing. It rewards businesses that keep records current and creates earlier visibility of tax liabilities. The key is to treat the accounting file as a decision-making tool, not an annual shoebox replacement with a login screen.
Final word
Dynamic PAYG instalments are not yet an everyday compliance obligation, but they are worth watching. The practical message is clear: accurate business data is becoming more valuable. If your accounting file is current, your tax planning improves. If it is not, the new system may simply reveal the problems faster. Either way, now is the time to tighten the data before the tax system starts relying on it even more.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
Payday Super has changed the rhythm of employer superannuation compliance. The key point is simple: super moves closer to payroll. But July 2026 can be messy because employers may be dealing with both the final June-quarter super obligation and the new Payday Super timing. In other words, July may not be a single super month. For some employers, it may feel more like two super systems briefly crossing in the hallway and both asking for payment.
What employers need to check
The old quarterly super guarantee due date for the quarter ending 30 June remains relevant. Employers should reconcile the April to June quarter and ensure that contributions are paid on time. At the same time, wages paid from July trigger the new Payday Super process, with contributions needing to be calculated and processed much closer to payday and received by employee super funds within the required timeframe.
Why cashflow planning matters
Many businesses previously treated super as a quarterly cashflow event. Payday Super turns it into a recurring payroll cashflow event. During the transition month, that difference can be sharp. If the June-quarter payment is still outstanding and July pay runs are also generating super payment obligations, the cash demand may be higher than expected. Businesses with tight debtor collections, seasonal trading or existing ATO payment arrangements should review cash flow immediately.
Payroll systems and clearing houses
The transition is not only about money. Payroll systems, clearing houses and employee fund details must all be working properly. A payment entered into a clearing house is not always the same as a contribution being received by the employee’s fund. Employers should allow time for processing, rejected payments, missing member details and other errors. Under the new regime, waiting until the last day and hoping the system behaves itself is not a compliance strategy; it is a suspense thriller.
Practical employer action list
Employers should reconcile all June-quarter super now, confirm whether any late or rejected payments exist, update payroll software, test the new super payment workflow, check employee fund details, and review whether cash reserves are sufficient for July obligations. For businesses using bookkeepers or outsourced payroll, the responsibilities should be clearly allocated. Someone needs to own the super calendar, not just admire it from a distance.
Communication with employees
Employees are likely to become more aware of the timing of super contributions because Payday Super is designed to align contributions more closely with wages. If an employee queries a payment, the business should be able to identify the pay run, contribution amount, processing status and fund receipt status. Keeping clear records reduces disputes and demonstrates that the business is actively managing its obligations.
Final word
The July transition is manageable, but it should not be ignored. The businesses that will handle Payday Super best are the ones that treat it as a payroll, cash flow and compliance project, not merely a software update. If your business is unsure whether the June-quarter payment, July pay-run obligations and payroll system settings are aligned, now is the time to review them. Super is moving faster. The business systems need to move with it.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
July is a preparation month, not always a lodgement month
Every July, there is a rush to lodge tax returns. For some taxpayers with very simple affairs, lodging early may be fine. For many others, however, the better approach is to prepare early and lodge once the information is complete. The important issue is not whether the calendar says July. The issue is whether your employer, banks, private health insurer, investment platforms, government agencies and other third parties have finalised and reported the information that should appear in your ATO pre-fill.
What pre-fill actually does
Pre-fill is useful, but it is not magic. The ATO receives data progressively from many organisations, and that information is gradually added to myTax and tax agent software. Salary and wage information may be tax-ready, but bank interest, dividends, managed fund distributions, private health insurance details, government payments, share transactions and other data may arrive later. If you lodge before that information appears, the return may be incomplete even if it looks finished on screen.
Why early lodgement can cost money
The obvious risk is omitted income. If the ATO later receives information showing additional interest, dividends, managed fund distributions or government payments, the return may need to be amended. That can result in additional tax payable, interest charges and extra administration. The less obvious risk is that deductions and offsets may also be missed. A fast refund is not much of a win if part of it has to be repaid later. Tax time is not a race. There is no medal for being first to lodge, and the ATO does not hand out trophies for speed.
Common information that may not be ready early
Information that can be delayed includes managed fund annual tax statements, dividend statements, bank interest, private health insurance details, Centrelink payment summaries, some employer finalisation data, share sale information, exchange-traded fund reports and income from platforms or side activities. Investors, retirees, rental property owners and taxpayers with multiple income sources are especially exposed to the risk of incomplete data.
What to do before lodging
Before lodging, check whether your income statement is marked tax ready, whether bank interest and dividend information has appeared, whether private health insurance details are available, and whether investment statements have been issued. If you own a rental property, make sure the full property manager statement and supporting invoices are available. If you have sold shares, crypto or other assets, obtain transaction reports before the return is prepared.
The Fiscal Artisans approach
At Fiscal Artisans, the preferred approach is simple: prepare early, lodge accurately. That means gathering records in July, checking what the ATO has already received, identifying missing information and reviewing deductions properly. It may mean waiting until late July or August for some taxpayers. That is not delay for the sake of delay. It is risk management.
Final word
A tax return should be more than an estimate dressed up as a lodgement. Waiting for pre-fill data to settle can reduce amendment risk, improve accuracy and help ensure legitimate deductions are claimed properly. If you are unsure whether your information is complete, ask before lodging. A short review now is easier than fixing an amended assessment later.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
The Federal Government has introduced stronger sanctions for tax adviser misconduct. At first glance, that might sound like an issue only for accountants, lawyers and tax agents. In practice, it is also a useful reminder for taxpayers and business owners: who prepares your tax work matters. Tax is not just a form to be filled in each year. It is a compliance system built on trust, professional judgement and documentation. When that system is abused, the impact is not limited to the practitioner. Clients can be left with amended assessments, penalties, interest, missed deductions, unresolved lodgements and a great deal of stress.
Why this matters to clients
Most taxpayers do not set out to get tax wrong. They rely on the person preparing the work to know the rules, ask the right questions and identify the risks. That is exactly why adviser standards matter. If advice is too aggressive, too casual or based on half the facts, the taxpayer can still be the one who receives the ATO letter. The ATO will generally look at what was lodged, what records exist and whether the position taken was reasonably open. A client saying, ‘someone told me it was fine’ may explain how the error occurred, but it rarely makes the problem disappear.
The practical checks before engaging an adviser
Before handing over tax work, clients should confirm that their adviser is properly registered where required, that the engagement scope is clear, and that advice is based on their actual facts rather than generic assumptions. A registered tax practitioner should be comfortable explaining why a deduction is available, what evidence is needed, and what could happen if the ATO reviews the claim. If the answer is simply ‘everyone claims it’, that is not advice. That is a warning siren wearing a party hat.
Red flags to watch for
Practical red flags include promises of unusually large refunds without reviewing records, advice to claim standard amounts without evidence, requests to sign blank forms, reluctance to provide working papers, or a refusal to discuss private-use apportionment. Business clients should also be careful where an adviser treats ATO debt as an afterthought, ignores superannuation timing, or recommends related-party arrangements without documenting commercial basis and tax consequences.
A better standard
Good tax advice is rarely dramatic. It is usually a careful process of collecting the facts, applying the law, documenting the position and explaining the outcome in plain English. That is not always exciting, but neither is explaining an unsupported claim to the ATO six months later. At Fiscal Artisans, the focus is to help clients lodge tax returns and business reports that are complete, defensible and aligned with their wider financial position.
What should clients do now?
For individuals, this means keeping receipts, checking pre-fill data, being honest about private use and asking questions before claiming unusual deductions. For businesses, it means maintaining payroll records, lodging BAS and super obligations on time, documenting director decisions, and seeking advice before large transactions are implemented. If there is an issue, deal with it early. Most tax problems become more expensive when they are ignored.
Final word
The stronger penalty regime is not a reason to panic. It is a reason to be selective, organised and realistic. Clients deserve advisers who help them make good decisions, not advisers who make short-term promises that create long-term problems. The best tax outcome is not the biggest number on a refund estimate. It is the result that is correct, supported and still defensible when the ATO asks how it was calculated.
How Fiscal Artisans can help
Fiscal Artisans can help review your records, identify missing information, check the tax treatment of key items and prepare lodgements that are accurate, complete and defensible. If this issue may affect you, contact us before lodging or before the next payment deadline. It is almost always easier to fix the process before the ATO is already asking questions.
Payday super is now a live payroll obligation. Employers should review payroll software, employee super details, clearing house timing and cashflow forecasts now.
Payday Super Has Arrived: What Employers Need To Fix Now
From 1 July 2026, payday super is no longer a future issue. It is now a live payroll and cash flow obligation for Australian employers. For many businesses, this is one of the most significant changes to the payroll cycle in years.
Under payday super, employers must pay superannuation guarantee contributions at the same time as wages, rather than treating super as a quarterly liability. The practical effect is that super must now be built into each pay run process, with contributions reaching the employee’s superannuation fund within the required timeframe.
This is a major shift in behaviour. Under the old quarterly system, many businesses accrued superannuation during the quarter and then paid it at the quarterly due date. That approach allowed some short-term cash flow flexibility, but it also created risk. If cash became tight, super was often one of the liabilities pushed back. The payday super system is designed to reduce that risk by requiring more frequent payment and making underpayment easier to detect.
For employees, the change is positive. Super is paid earlier, starts working sooner, and is easier to track. For employers, however, the change requires disciplined payroll systems, reliable cash flow planning and accurate employee super fund information.
Why this matters for business owners
Payday super is not simply an administrative timing change. It changes when cash leaves the business bank account.
A business that pays wages weekly must now think about super weekly. A business that pays wages fortnightly must think about super fortnightly. A business that pays wages monthly must deal with super monthly. If the payroll cycle is not properly funded, the business can fall behind quickly.
This means directors and business owners need to stop treating superannuation as a quarterly clean-up item. It should now be treated as part of the wage cost of each pay run.
The change is particularly important for businesses that already experience uneven cash flow, including hospitality businesses, trades, construction groups, retail operators, professional service firms with delayed debtor collections and businesses with large payrolls relative to cash reserves.
The practical problem: paying on time is not always the same as processing on time
The key point for employers is that processing delays matter. Payroll software, super clearing houses and super funds all need correct information to match contributions to employee accounts.
Incorrect employee details, missing fund information, invalid member numbers, outdated stapled fund details or mismatched contribution data can delay allocation of payments. Under the new regime, employers should not assume that pressing “submit” at the last minute is enough.
The safer approach is to finalise pay runs promptly, check super details before payday, and allow time for the payment and data to move through the clearing house or payroll platform.
What employers should review now
Review Area
Action Required
Payroll software settings
Check that your payroll system has been updated for payday super and that super is being calculated correctly for every eligible employee.
Super clearing house timing
Confirm how long your clearing house or payroll provider takes to process and forward contributions to super funds.
Employee super details
Review stapled fund details, member numbers and fund information to reduce returned or unmatched payments.
Cashflow forecasting
Update your cashflow model so super is funded at each pay cycle rather than treated as a quarterly liability.
Internal payroll processes
Set clear responsibility for payroll review, approval, payment and follow-up of rejected contributions.
Director oversight
Directors should receive regular confirmation that PAYG withholding, GST and super obligations are being lodged and paid on time.
The strongest businesses will make payday super part of their standard payroll workflow, not a separate task that sits outside the pay run.
What happens if super is not paid properly?
Late or unpaid super can create serious consequences. Employers may face Superannuation Guarantee Charge exposure, loss of ordinary deductibility, additional administration, interest and penalties. Directors can also be exposed to personal risk where company super obligations are not properly managed.
The issue is not only whether the business intended to pay. The issue is whether the contribution was paid correctly, on time and with enough information for the super fund to allocate it properly.
This is why the transition to payday super should be treated as a systems issue rather than a one-off payment issue.
Fiscal Artisans recommendation
We recommend every employer complete a payday super review as part of their July payroll process.
At minimum, employers should review payroll software, employee super details, payment processing times, super clearing house settings and short-term cash flow forecasts.
Businesses should also consider whether their debtor collection cycle supports the new timing. If wages are being paid before customer receipts are collected, the additional super outflow may create pressure that needs to be planned for in advance.
Payday super is manageable if the systems are right. It becomes expensive when businesses leave it to the last minute, rely on old quarterly habits or discover payroll data errors after the payment deadline has already passed.
If you employ staff, now is the time to review your payroll settings and cashflow position. Fiscal Artisans can assist with payroll system reviews, super compliance checks and cashflow planning so that payday super becomes part of a controlled process rather than a recurring compliance problem.
Call to action
Need help checking whether your payroll system is ready for payday super? Contact Fiscal Artisans, and we can review your payroll setup, super processing and cashflow position before problems develop.
In this post, we explain the processses regarding your quarterly BAS lodgements, the due dates, and how we would like to interact with you to get your BAS returns done, and keep you up to date with your regular lodgements.
Please watch the enclosed video and feel free to contact us regarding your obligations and how we can assist you.
