Bendigo Accounting & Finance Blog

As the festive season approaches, businesses across Australia find themselves racing against time to maximise opportunities before the Christmas lull. Although the cost of living pressures have eased slightly over the past year, consumers remain cautious, and businesses must navigate the volatility that Christmas brings. This period is anything but 'business as usual,' and without proper planning, it can lead to significant challenges.

As the Australian superannuation landscape evolves, significant changes are on the horizon with the introduction of the 'Payday Super' system. Set to take effect from July 1, 2026, this new framework mandates that employers pay the superannuation guarantee (SG) on the same day as salary and wages, departing from the current quarterly payment cycle.

In today’s digital age, scams have become increasingly sophisticated, posing significant threats to individuals and businesses.

The Australian Taxation Office (ATO) has issued a timely reminder about the importance of maintaining accurate and thorough records for all work-related expenses. Proper record-keeping isn’t just a compliance obligation—it’s essential for maximising your deductions and ensuring your tax return is accurate.

As we look forward to the new financial year, the landscape of personal tax, superannuation, wages, interest rates, and business confidence presents both opportunities and challenges. Let’s delve into what you can expect and how to strategically position yourself for success.

As the end of the financial year rapidly approaches, it's crucial to be aware of areas under increased scrutiny from the Australian Taxation Office (ATO) and the opportunities available to maximise your deductions. Whether you're an individual taxpayer or a business owner, our comprehensive guide will help you navigate this tax season effectively and ensure you're making the most of every opportunity.