As the end of the financial year (EOFY) approaches, businesses are gearing up for the flurry of activities that come with it. From reconciling accounts to preparing financial statements, there’s a lot to manage. Following are some hints and tips to ensure a smooth EOFY process as you navigate year-end challenges.
From July 1st 2026, employers will be required to pay their employees’ super at the same time as their salary and wages. This is known as Payday superannuation. The start date will provide employers, super funds, and payroll providers with sufficient time to prepare for the change. This measure is not yet law.
Whilst there are benefits to Payday superannuation, there are also some potential problems to consider.
Read on to learn more.
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