Tax-R-Us Accounting

All withholding schedules and tax tables have been updated. The changes apply from 1 July 2026.

If you employ staff, take note of the changes. Make sure you know how much you need to withhold from the payments you make to your employees and other workers.

ATO: What happens if you don't pay super correctly from 1 July 2026

The ATO has issued a reminder that if you don't pay the minimum super guarantee amounts for your employees in full and on time, or you don't correctly follow the choice of fund rules, you are liable to pay the super guarantee charge. However, it said that for paydays from 1 July 2026, you no longer need to lodge a super guarantee statement if you don't pay the minimum super guarantee amounts for your employees in full and on time. The ATO will calculate your super guarantee charge and send you a notice of assessment.

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NOT THIS TAX YEAR
Labor's instant tax deduction will allow workers to knock $1,000 off their taxable income, without providing receipts, when they lodge their 2026-27 tax return.