Payne Advisory Group

📢 End of Financial Year Payroll Reminder for Employers

As FY2026 comes to a close, now is the time to review your payroll compliance obligations.

✅ Finalise your Single Touch Payroll (STP) reporting with the ATO
✅ Complete your WorkCover/Workers' Compensation wage declarations
✅ Review your payroll tax obligations and check whether your total remuneration exceeds your state's threshold

Remember, payroll tax calculations often include:
• Wages and salaries
• Superannuation contributions
• Fringe Benefits Tax (FBT)
• Allowances
• Certain contractor payments

Payroll tax thresholds vary by state, so it's important to review your position before year-end.

Need help with STP finalisation, workers' compensation declarations, or payroll tax compliance? Our team is here to assist.

Contact us today to ensure your business remains compliant and prepared for the new financial year.

💡 Payday Super is Coming – Are You Ready?

From 1 July 2026, the way super is paid is set to change.

Employers will be required to pay super at the same time as wages - not quarterly.

👉 What this means for your business:
• More frequent cash flow impact
• Increased payroll compliance obligations
• Less room for error on super payments
• Potential system and process changes required

While this is a positive move for employees, it will require proactive planning for businesses to avoid disruptions.

Now is the time to:
✔ Review your payroll systems
✔ Assess cash flow and funding cycles
✔ Ensure your processes can handle more frequent payments
✔ Review payroll frequency – e.g. moving from weekly to fortnightly
can improve cash flow and reduce admin

We’re already working with clients to prepare for these changes and ensure a smooth transition.

📩 If you’d like to get ahead of this, reach out to our team.

June is here! Mark your calendars with these key financial dates due in June. Staying on top of them keeps your business compliant and penalty-free. 📅⏰📣

📊 Business Owners – Big Tax & Structure Changes Are Coming

The 2026–27 Federal Budget has proposed a mix of opportunities and challenges for Australian businesses.

✅ $20K instant asset write-off made permanent
✅ Loss carry-back tax refunds returning
✅ Reduced compliance burden for SMEs

But there are also significant proposed changes ahead:

⚠️ 30% minimum tax on discretionary trusts from 1 July 2028
⚠️ Changes to the 50% CGT discount from 1 July 2027

Importantly, the Government has proposed temporary rollover relief to help businesses restructure out of discretionary trusts without immediate tax consequences.

The next 12–24 months may be critical for reviewing business structures, succession plans and tax strategies.

📩 Reach out if you'd like to discuss what these proposed changes could mean for your business.

🏡 The 2026–27 Federal Budget has proposed major changes for property investors.

Here’s what you need to know:

🏗️ Negative gearing restricted to new builds from 1 July 2027
Established properties purchased after Budget night may no longer allow losses to be offset against wages or other personal income.

📉 50% CGT discount changing from 1 July 2027
The current 50% discount is proposed to be replaced with inflation-based indexation and a minimum 30% tax on net capital gains.

✅ New builds remain favoured
Eligible new builds are expected to retain full negative gearing benefits and more favourable CGT treatment.

🏦 SMSFs remain largely unaffected
Super funds are expected to remain exempt from the proposed negative gearing changes, with CGT concessions in super unchanged.

The investment landscape hasn’t disappeared - it’s shifted.

New builds, commercial property and superannuation structures may become increasingly attractive under the proposed rules.

The weeks leading into 30 June 2026 may present important planning opportunities.

📩 Reach out if you’d like to discuss how these proposed changes could impact your situation.

🌸 Happy Mother’s Day 🌸

Today we celebrate the incredible mums, grandmothers, step-mums and mother figures who shape our lives with love, strength and selflessness.

Thank you for your endless support, wise words, warm hugs, and unwavering care. You are truly appreciated - not just today, but every day. 💖

We also take a moment to remember and honour the mothers who are no longer with us. Their love continues to live on in so many ways. 🤍

Wishing all the amazing mums a beautiful, love-filled Mother’s Day! 💐

Tax planning isn’t just a June problem - it’s a year-round strategy.

Most people wait until the end of the financial year to think about tax. By then, your options are limited.

The clients who achieve the best outcomes start early. They give themselves time to structure, plan, and make informed decisions - not rushed ones.

Early planning means:
✔️ More strategies available
✔️ Fewer last-minute surprises
✔️ Better financial outcomes

If you’re a business owner, investor, or high-income earner, now is exactly the right time to start the conversation.

📩 Reach out to our team to get started.

May has arrived - and so have some important ATO deadlines! Make sure these dates are locked in your calendar. 📅⏰📣

💡 Payday Super is Coming – Are You Ready?

From 1 July 2026, the way super is paid is set to change.

Employers will be required to pay super at the same time as wages - not quarterly.

👉 What this means for your business:
• More frequent cash flow impact
• Increased payroll compliance obligations
• Less room for error on super payments
• Potential system and process changes required

While this is a positive move for employees, it will require proactive planning for businesses to avoid disruptions.

Now is the time to:
✔ Review your payroll systems
✔ Assess cash flow and funding cycles
✔ Ensure your processes can handle more frequent payments
✔ Review payroll frequency – e.g. moving from weekly to fortnightly
can improve cash flow and reduce admin

We’re already working with clients to prepare for these changes and ensure a smooth transition.

📩 If you’d like to get ahead of this, reach out to our team.

⚠️ ATO Super Payment Gateway Closing – 30 June 2026

The Australian Taxation Office is shutting down its Small Business Superannuation Clearing House (SBSCH) from 30 June 2026.

If you’re using this to pay employee super, you’ll need to transition to an alternative SuperStream-compliant solution before this date.

Key actions:
• Review your current super payment process
• Choose a new clearing house
• Update your payroll system (e.g. Xero, MYOB)

Failing to act could lead to late payments, penalties, and lost deductions.

We’re helping clients transition early to avoid disruption.
Reach out if you’d like assistance getting set up.