New Pay Rates – Minimum Wage Increase The National Minimum Wage and minimum award wages are increasing from 1 July 2026.  This increase will apply from the first full pay period starting on or after this date. You will need calculate and update the new rates for your employees.  Updated wage information will be available on the Fair Work Ombudsman website from 1 July 2026. Under the Fair Work Act 2009, it is essential to stay up to date with legislative changes to ensure fu...

Payday Super will officially commence on 1 July 2026, and this change will require employers to pay superannuation at the same time wages are paid, rather than quarterly. This is a significant shift in employer obligations, and early preparation will be essential. With the introduction of payday super, the ATO Small Business Clearing House will be closing. This means employers will need to transition to an alternative super payment solution ahead of the deadline to avoid last minute issues. ...

              Tamra and the staff at Walters Accountants would like
                         to wish you a very Merry Christmas and
                             a happy and prosperous New Year.                   As the holiday season arrives, we would like to
    &n...

From 1 July 2025, the Superannuation Guarantee (SG) rate increases from 11.5% to 12%. If you have employees, now’s the time to: Update your payroll software Check employment contracts (is super included or on top?) Budget for the increased contributions Communicate the change to your staff This is the final legislated Superannuation Guarantee rise — and it’s crucial to stay compliant to avoid penalties. PAY DAY SUPER 2026: Payday super refers to a proposed ch...

If you are struggling to pay your tax debt in full you may be eligible to set up a payment plan with the ATO.  This will enable you to pay your debt by instalments over a period of time but be aware, payment plans incur interest and all future lodgements (of annual tax, BAS etc) need to be made on time and amounts owing need to be paid on time and in full to avoid defaulting on this arrangement. Setting up a Payment Plan with the ATO  When you set up your payme...