Team Tuesday – Streamline Management

Summer holidays 2025/26

Don’t forget to record staff leave and keep balances up to date.

– Keep records of when staff are at work or not at work for liability (workers comp) purposes.
– You must provide leave balances to employees in a timely matter to staff Fairwork compliant.
– Large balances might result in a request from a team member for a very long holiday – could you cope without them for a long period?
– Unused leave is a liability in your accounts – if an employee leaves, you’ll need to pay it out, so its best to know where you stand.

Back to school and back to work – let us know if staff leave needs to be updated.

27/01/2026

October – December 2025 Super

October-December 2025 super contributions must be received (by fund) by 28th January for all employees – including working directors and some contractors, regardless if you pay monthly or quarterly.

Late payments of superannuation are not tax deductible and attract interest, fines & additional paperwork.
Directors also become personally liable for the debt.
Authorise payments from Xero no later than 2pm on Friday 16th January.

13/01/2026

Staff Christmas Bonus

Thinking about rewarding staff with a bonus?💰💰💰
Ask us to help you with calculations.

– If you fail to withhold tax or report the payment (STP), the bonus becomes non-compliant (no tax deduction for you!)
– Superannuation is likely to apply to the bonus amount
– Schedule 5 tax scale must be used for PAYG withholding

We will calculate the total cost to you and the net amount the employee receives to avoid budget surprises.

16/12/2025

Hurrah for holidays!

What do you need to know about processing wages for annual leave over the Christmas break?

We’ve googled the important info for you.

Fairwork says:
Holiday pay (annual leave) allows an employee to be paid while having time off work.
Full-time and part-time employees get 4 weeks of annual leave every year. Casual employees don’t get paid time off, but can ask their employer about taking unpaid leave for holidays.
When a public holiday falls on a full-time or part-time employee’s usual work day, employers need to pay them their minimum pay rate for their usual hours.

09/12/2025

Christmas and the FBT Grinch

Are you planning to host celebrations or play Santa with gifts for your staff and/or business associates?
Watch out for the Fringe Benefits Tax (FBT) grinch ruining the fun for everyone!
Speak to your accountant BEFORE Santa leaves a lump of coal in your stocking.

02/12/2025

Don’t let an unexpected tax bill spoil Christmas

The festive season is just around the corner, and you’re likely planning staff parties, client events, and gifts. While this is a wonderful time for celebration, it’s also a crucial period to consider Fringe Benefits Tax (FBT).
Mismanaging your Christmas cheer expenses could lead to a surprise FBT liability that lands well after the holidays are over!

Don’t wait for a nasty surprise in the New Year. Proactive planning now means you can enjoy the holiday season knowing your books are in order!
Speak to your licenced tax professional now

11/11/2025

Christmas Shutdown – Team Tuesday

With the Christmas and New Year break approaching, many businesses are planning their annual shutdown. If you intend to close your workplace, it’s critical to be across the current Fair Work rules to ensure you are compliant and avoid unexpected wage costs. A “shutdown” is a temporary closure of a business, such as over the festive season. The rules for directing award-covered employees to take annual leave changed in 2023.

28/10/2025

Back to school – time to check staff leave balances

Managing annual leave might feel tedious – but its vital for your small business.

Did any of your team take time off over the school holidays?

Let us know! We can take care of updating those leave requests and ensuring your employee records are compliant and crystal clear.

14/10/2025

Fancy a chat over a cuppa and cake?

With Afternoon Tea Week approaching, we thought it would be the perfect excuse to get together.

How about we grab a cup of tea and a scone?
It’s a chance to just chat and catch up on whatever’s new – no need to discuss work, unless you want to!

We’d love to hear from you soon.

05/08/2025

Late super – now what?

Super was due into your employees super funds by 28th July.
Your employee’s super contribution is only considered ‘paid’ on the date it’s received by the super fund. Not the date it’s received by the clearing house.
The expense is no longer tax deductible, super is calculated on all payments to employees (like overtime and allowances), fines are payable to the ATO, interest is payable to the fund for the employee, and directors will be personally chased for the payment.
If you’ve realised you haven’t made the payment on time, submit the statement ASAP to minimise the interest charges you’ll be liable for. Burying your head in the sand and hoping no-one notices could cost you a lot more down the line.
Need help to keep on top of all the deadlines? Ask us to give you a hand.

29/07/2025

Category: Team Tuesday