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 Superman Day
It’s Superman Day, and while we aren’t leaping over skyscrapers (OH&S), we are busy making sure your business is faster than a speeding bullet for Payday Super.
Need Clark Kent reliability and Superman results? Our capes are freshly pressed and ready to go!
We will continue to do the doing for our clients, this is just a quick heads-up on the two main costume changes.
2026 EOFY Super Contributions
It’s that time of the year again! If you want to claim a tax deduction for your employee super contributions in the 2026 financial year, or if you are managing your own super caps, the cash must hit the superfund’s bank account by 30 June.
Because clearing houses and superfunds love to muck around with the moolah for a few days, processing deadlines are tight. To guarantee the payments clear in time, all super payments in Xero need to be authorised by Friday 19th June 2026.
The standard compliance deadline for the April–June quarter is still 28 July 2026 if you don’t need more deductions this financial year. Chat to your accountant about the tax benefits of bringing the payment forward into June.
2026 EOFY
Time is flying, and the 2025/2026 financial year is nearly over.
EOFY deals are great for salespeople hitting targets, but are they right for your bottom line?
Before you make any last-minute business purchases, you need accurate data.
Preparation is the secret to a stress-free tax season.
Make sure to lean on your qualified & licenced tax accountant for specific advice, and for everything else bookkeeping… sing out!
Here is what we need to action together right now to get you sorted before 30 June:
June 2026
June is a massive month for business owners, don’t let International Panic Day live up to its name – we’re making sure to balance the hard work with some fun celebrations and a long weekend for the King’s Birthday! 👑
Mark these critical dates in your calendar:
June 19th – Authorise super to claim it for the 25/26 financial year! 💰
June 22nd – May IAS due.
June 30th – EOFY!!
Keep calm, eat a donut on the 5th, and let us take care of the June 30th countdown for you. 🧾
March 2026 BAS
Time has run out for mucking around (even with our BAS agent extension) – its time to lodge and pay your March BAS.
Not enough money in the bank? Lodge anyway to avoid a late lodgement fine ($330 – $1650 for small businesses) and make a payment plan.
Australian Made Week
Are you producing Australian Made goods or services?
We are proud to say our services are 100% Australian-made. No overseas outsourcing – just local experts helping local small businesses thrive.
Shopping with Aussie businesses supports smaller players (more than 95% of Australian businesses are classed as small), creating a ripple effect of jobs so those employees can shop local too.
Whether it’s everyday essentials, local manufacturing, or choosing an Aussie service provider like us, every dollar counts.
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!
