Reality Cheque Bookkeeping Services

Payday Superannuation - 1 July 2026

The government has passed legislation regarding changes to superannuation.

From 1 July 2026, employers will be required to pay their employees' superannuation guarantee at the same time as their salaries and wages.

Also, the ATO Small Business Super Clearing House (SBSCH) will close to all employers. Payments to superfunds will need to be made through a payroll software solution. Most bookkeeping and payroll solutions already offer this function.

It is a good time to start transitioning from the SBSCH to a payroll software solution.

Payday superannuation The government announced changes to superannuation guarantee from 1 July 2026.

What is considered a BAS Service? We get this question a lot! So, we’ve recently updated our website to include a non-exhaustive list of over 42 different types of services. Check out which ones may or may not constitute a BAS service under the Tax Agent Services Act 2009: https://ow.ly/erCf50WCBbh

Cars and Tax

From 2024, new thresholds apply for the 2024 financial year:

Depreciation: the maximum value for calculating depreciation on the business use of a car first used or leased in the 2024 financial year is $68,108

GST: the maximum GST credit that can be claimed for the purchase of a car during the 2024 financial year is $6,191

Luxury Car Tax (LCT): the LCT threshold for fuel-efficient vehicles is $89,332. For all other luxury vehicles it is $76,950

Check the link to the ATO for further information.

Cars and tax Make sure you understand the luxury car tax thresholds that apply.