From 1 July 2025, the Super Guarantee (SG) rate will rise from 11.5% to 12%. This change will apply to all ordinary time earnings (including salary and wages) paid on or after 1 July 2025, even if the pay period started before that date.
What this means for your business:
> review your payroll software and contracts to ensure they reflect the new rate.
> Update your budgets to include the increase super contributions for better cash flow projection
> Communicate the change to your team (if required)
Please note: The Super Guarantee (SG) percentage is the minimum legal requirement. However, some awards or agreements may require you to pay a higher rate.
If you’re keen to explore changing accountants, we have a non-obligation process to do that. The first step is booking a strategy call with one of our accounting team. It’s a free 20-minute teams or phone call where you get to meet us to manage your questions.
From that point, you can consider doing a “Look Under The Hood” with us. There is no obligation to change accountants, but we give you a second opinion if you’re paying too much tax.
Throughout that process, we can identify any problems we see with your current setup. Anything that your current accountant hasn’t claimed, or tax you may have overpaid, and strategies of how we might fix that going forward. We can run through with you once you book with us.
As we approach the end of the financial year, now is a good time to review your accounts receivable and consider whether any outstanding debts are unlikely to be recovered. If so, you may be able to claim a tax deduction for those bad debts.
To be eligible for a deduction, you must:
Call to action before 30 June 2025
If you’re keen to explore changing accountants, we have a non-obligation process to do that. The first step is booking a strategy call with one of our accounting team. It’s a free 20-minute teams or phone call where you get to meet us to manage your questions.
From that point, you can consider doing a “Look Under The Hood” with us. There is no obligation to change accountants, but we give you a second opinion if you’re paying too much tax.
Throughout that process, we can identify any problems we see with your current setup. Anything that your current accountant hasn’t claimed, or tax you may have overpaid, and strategies of how we might fix that going forward. We can run through with you once you book with us.
Upcoming key dates
21 June 2025:
25 June 2025:
30 June 2025:
If you’re keen to explore changing accountants, we have a non-obligation process to do that. The first step is booking a strategy call with one of our accounting team. It’s a free 20-minute teams or phone call where you get to meet us to manage your questions.
From that point, you can consider doing a “Look Under The Hood” with us. There is no obligation to change accountants, but we give you a second opinion if you’re paying too much tax.
Throughout that process, we can identify any problems we see with your current setup. Anything that your current accountant hasn’t claimed, or tax you may have overpaid, and strategies of how we might fix that going forward. We can run through with you once you book with us.
The answer is, yes.
In another video, we talked about the requirement to pay the employees first, before you receive the reimbursement. This includes employees who have been stood down because technically they’re still employed by the business.
And so, the answer to the questions is a big, YES.
Your team members who’ve been stood down need to receive, at minimum, $1,500 per fortnight.
If you need help with JobKeeper book a strategy call with one of our accountants.
The JobKeeper payment is a reimbursement from the ATO for wages that you’ve paid in the month previous.
The first JobKeeper fortnight commenced on Monday, 30th of March 2020 and ended on Sunday, 12th of April 2020. You need to keep in mind to make the minimum payment of $1,500 per fortnight to each eligible employee to be able to receive the JobKeeper payment from the ATO.
Now, there’s also another rule which says, “As an employer, you can’t just pick and choose which eligible employees receive this benefit.”
Let’s say you’ve got eight eligible employees. You can’t say, “I’m going to pay four employees and the other four I don’t.” Unfortunately, there’s this rule that says, “One in, all in,” which means you need to make sure you pay all eight if you’ve got eight eligible employees.
Having to pay wages throughout the month to then get reimbursed the following month can certainly put a cashflow strain on the business. Unfortunately, there’s just no way around it. The government actually encourages business owners to speak with their banks. We’ve heard JobKeeper payments could be seen as collateral if you are doing some short-term finance such as an overdraft account.
So the answer to the question is, yes. You absolutely have to pay your employees first to then receive the reimbursement. That goes for the payments made in April to be reimbursed in May and every month through to September.
If you need help with JobKeeper book a strategy call with one of our accountants.
If you’re looking to claim JobKeeper from the month of April onwards (Including from the date it was available from – 30th of March) there are five things you need to keep in mind you need to do before the end of May to make sure you’ll be paid when the ATO makes the payments in early May.
So there’s the five things you need to do to make sure you’re claiming from JobKeeper from the 30th of March onwards.
If you need help with JobKeeper book a strategy call with one of our accountants.
Get Cashed Up
Select your desired option below to share a direct link to this page.
Your friends or family will thank you later.