Category: Team Tuesday

2025 EOFY payroll

Annual ‘STP Finalisation’ needs to be filed with the ATO by 14th July. (This replaces providing Payment Summaries/Group Certificates to your staff.)
Your team will not receive any documentation from you, they will be able to access details in their MyGov account once the finalisation has been completed.
We will reconcile payroll accounts and prepare STP Finalisation report for authorisation to lodge with the ATO in early July for all of our clients.
Keep calm – its only EOFY

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24/06/2025

2025 minimum wages increase

From 1 July 2025, the National Minimum Wage will increase by 3.5%. This means the National Minimum Wage will be: $948 per week, or $24.95 per hour.
Unfortunately you can’t set up or review the new award rates yet, they are usually only available just in time for payday.

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17/06/2025

Super is increasing from 1st July 2025

Superannuation paid on behalf of ALL employees (and some contractors) will increase to 12% for payments (bank transfer) on or after 1st July 2025 (regardless of period worked).

You may wish to review employment contracts.
Contracts with salary packages including super mean pay goes down as super goes up. And that could make you an unpopular boss!

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10/06/2025

2025 EOFY Super Contributions

To qualify for a tax deduction in the 2025 financial year, or if you are managing your super cap, cash needs to reach the superfund and they need to complete the paperwork by 30th June. Payments from Xero need to be authorised before Friday 20th June as superfunds muck around with the moolah for days or weeks.
The usual final deadline of 28th July still applies if you choose to not make an early payment.

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03/06/2025

Fringe Benefits Tax return due soon!

Do you provide perks to your team?
You probably need to submit an FBT return in the next couple of weeks.
No idea what could be captured? Speak to your tax accountant ASAP – gym membership, tickets to the footy, fancy meals, company car used for personal trips can all be captured.
Avoid fines and penalties – review your situation, ask your accountant – act now!

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13/05/2025

Battery Day

It’s only February, but the Christmas break when we last recharged our batteries 🔋is only a distant memory.
And the Easter long weekend is barely on the horizon.
Aussies are entitled to 4 weeks annual leave each year – we must remember to take it!
And we need to encourage our staff to take theirs too.
Not convinced? Leave entitlements are expensive to payout if you let it build up too much – can you cashflow handle it?
Where will your next break be?

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18/02/2025

Staff leave balances

Back to school, summer holidays are over!

Don’t forget to process time off so you can keep leave balances up to date for your staff.
Or simply let us know and we’ll manage it for you.

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04/02/2025

Christmas shutdowns

Are you looking forward to the Christmas break?
If you are closing your workplace for a week or 2, you’ll need to be across the fairwork rules about shutdowns – check available leave balances and let your staff know now.

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19/11/2024

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