Streamline Management News
* This is generic info to give you a few pointers and should never be relied on as specific accounting advice.
Contact your expert (not your mates at a BBQ or the guy trying to sell you something) to discuss your situation.
Payday Super Hero Day!
Payday Super laws have officially passed, and the countdown to 1 July 2026 is on. You will need to pay super at the same time as you pay wages. It must leap tall buildings and land in the employee’s fund within 7 business days.
We’ve put our undies on the outside of our tights, and we’ve got your back on these big changes.
What’s Changing?
– Increased Frequency: Depending on your pay cycles, your reporting frequency will shift from quarterly to weekly, fortnightly, or monthly. You’ll be in the phone booth a lot more often.
– New Calculations: ‘Qualifying Earnings’ will replace ‘Ordinary Time Earnings’ (OTE) as the base for calculating the 12% contribution.
– Cashflow Impact: If you don’t start your run-up now, you could end up paying April, May, June, and July all within a single month. That would be villainous for your cashflow.
Don’t wait for the 2026 deadline to activate your superpowers – start easing into the phone booth now to avoid a mid-2026 crunch.
Need a sidekick to make you look good? Ask us to give you a hand.
Team Tuesday – back to school and back to work
Now that the school holidays are over, it’s the perfect time to ensure your staff leave balances are accurate and up to date.
Whether you’re checking for cashflow purposes or already looking ahead to the ski season, having the right numbers matter (and help keep Fairwork off your case) – so if your team took time off recently, let us know and we’ll handle the updates for you!
March quarter super
January-March super contributions must be received (by fund) by 28th April.
Payments should be authorised right now as it can take several days to process.
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.
January – March super is due soon
All January – March super contributions must be received (by fund) by 28th April, regardless if you pay monthly or quarterly.
Severe penalties will apply for late payments.
Approve payment by Friday 17th at the absolute latest.
Happy Easter!
We will eggs-it the office at noon on Thursday 2nd April,
and we’ll be back on Tuesday 7th April.
Have an eggs-ellent Easter Break!
The Chicks
Streamline Management
🐣🐣🐣
April 2026
Does a DIY BAS feel like chasing a unicorn? 🦄 We’ve got you.
April is looking like a fun one with Easter, Wear PJs to Work Day, and the Anzac Day long weekend. But amongst the festivities, remember to tick off your Jan-March Super by the 17th and if you DIY your accounts, March BAS needs to be lodged and paid by the 28th (if we lodge for you, you’ll get an extra 4 weeks to make the payment).
Stay cozy, stay compliant, and let us handle the numbers while you enjoy the extra days off! 🐣✨
April public holidays
As a small business owner you might be looking forward to a few days off to take a little break and eat too much chocolate.
As an employer you might be a bit less keen to pay your team when they are not working.
Remember: ‘Employees (except casual employees) who normally work on the day a public holiday falls will be paid their base pay rate for the ordinary hours they would have worked if they had not been away because of the public holiday. An employee’s roster can’t be changed to deliberately avoid this payment. An employee doesn’t get paid for a public holiday if they don’t normally work on the day that the public holiday falls.’ says Fairwork
Part time staff need to be paid for their normal work days, if you ask them to come in on an extra day to get everything done, you need to pay them extra – no swapsies!
Is your Little Red Wagon towing a surprise tax bill?
Is you Little Red Wagon owned by your business? Don’t crash into an unexpected Fringe Benefits Tax liability!
The FBT year ends next week and there are 3 things to think about:
-personal usage (have you got a logbook to document percentages?)
-would an EV be a sensible investment (right now? yeah fuel is $$%!)
-odometer reading on Tuesday night or Wednesday morning (to make paperwork less bad)
Speak to your accountant about potential FBT expenses now.
February IAS due now
Monthly lodgers – lodge!
(then pay)
Today is the last minute to avoid late penalties on your February IAS.
