$220.00 +GST
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The Tax Workshop is perfect for sole practitioners and small practices, offering practical, expert-led sessions designed to refresh your knowledge and keep you ahead in the ever-changing tax landscape.
The following topics will be covered in the May session:
Tax Brief
What we cover: Our Tax Brief is a review of the current tax landscape to keep you up-to-date with any changes and current news.
Payday Super – Speeding Things Up to Real Time
The Government’s Payday Super reform which is expected to close the annual $5.1 billion gap of unpaid super is proposed to commence from 1 July 2026. This means that employers will have only 7 calendar days after payday – when ordinary times earnings (OTE) are paid – to ensure that the super contribution is received by a fund.
This will be a huge ‘generational’ change to processes for the ATO, super funds and especially for the less well-resourced employer.
The ATO will be able to quickly match employer Single Touch Payroll data and superannuation fund reporting to identify employers not meeting their obligations.
Employers will have to ensure that their payroll systems (and cashflow) are ready to handle the more frequent contributions.
The new 7-day due date for contributions means that employers will become liable for the Superannuation Guarantee (SG) charge and penalties if contributions are not made on time. While payroll software can be acquired to handle the accelerated processes, the employer will have to know what their tax and super obligations are when hiring and paying workers.
In this session, we consider both what has changed and what hasn’t changed, including:
All TaxBanter tax training qualifies as eligible CPE/CPD hours.