Elite Bookkeeping Solutions

📢 ATTENTION XERO USERS: Big Super Changes are coming! 📣
It might feel a long way off, but 1 July 2026 marks one of the biggest shifts in Australian payroll: Payday Super.
At Elite Bookkeeping Solutions, we want to make sure you aren’t caught off guard. Here is what you need to know right now:
✅ The Timing: No more quarterly payments. From July 2026, super must be paid at the same time as wages and reach the fund within 7 business days. 🗓️💸
✅ The Terminology: We are moving away from Ordinary Time Earnings (OTE). Xero is currently rolling out updates to transition everyone to Qualifying Earnings (QE), a new, broader base for calculating super. ⚙️💻
✅ The Cash Flow: Super will now leave your bank account every payday. Whether you pay weekly, fortnightly, or monthly, you need to review your cash flow planning now to handle these more frequent payments. 📉💰
Xero is on the case! 🛠️ They are already rolling out the "QE" infrastructure. We are monitoring these updates closely and will keep you posted on exactly how and when to update your pay items. 👀
Don't wait until the deadline to scramble. Let’s start looking at your cash flow buffers now! 🤝✨

Thank you to our amazing client Beth for trusting us for over 10 years! At Elite Bookkeeping Solutions, we pride ourselves on professionalism, attention to detail, and supporting local businesses with payroll, BAS, and bookkeeping services. 💼✨ "

🚨 TAX CHANGE ALERT! 🚨
From 1 July 2025, you’ll no longer be able to claim the ATO’s GIC or SIC as tax deductions!
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Here’s what you need to know 👇
❌ No more deductions for:
🔹 General Interest Charge (late payments)
🔹 Shortfall Interest Charge (tax shortfalls)
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💡 Tips to stay compliant:
✅ Automate reporting
✅ Set up a tax savings account
✅ Track your cash flow
✅ Keep records tidy
✅ Work with a BAS agent
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We're here to help you stay ahead. 📲 DM us or contact Elite Bookkeeping Solutions today!
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📢 BIG NEWS for Parents & Employers! Super on Paid Parental Leave Starts 1 July 2025

The government has passed new laws to help close the gender super gap. Here’s what you need to know:

👶Who’s Eligible?
✔ Parents with babies born or adopted from 1 July 2025
✔ Receiving government-funded PPL

💰 How Much Super Will You Get?
➡ 12% of your PPL payment (based on Super Guarantee rate)
➡ Plus a small interest amount (to cover delayed payment)

⏳ When Will You Get It?
📅 Super contributions will be paid once a year (starting July 2026)
🔹 Paid as a lump sum into your nominated super fund

📝 No Extra Forms!
✅ The ATO calculates & pays automatically (using data from Services Australia)
✅ You’ll get a notice confirming payment details

💡 Why Does This Matter?
🔸 Helps reduce the super gap for women
🔸 Recognises unpaid care work in retirement savings
🔸 No extra work for employers—handled by the ATO

⚠️ Important Notes:
❗ Counts towards your concessional contributions cap ($30,000/yr)
❗ Taxed as a taxable component in super

Need help navigating these changes?

🌟 Attention Small Business Owners! 🌟

🤝 Trust and transparency are the foundation of a great workplace!
The Voluntary Small Business Wage Compliance Code helps you:

✅ Ensure fair wages 💵
✅ Build trust with your employees 🤝
✅ Simplify compliance with workplace laws 📋

💡 Why join?
✨ Show your commitment to fairness
📈 Boost your reputation
🔍 Make compliance stress-free

Stay compliant. Stay confident.
🔗 Learn more here

💬 Questions? Drop them below! 👇

🎉✨ Happy New Year from Elite Bookkeeping Solutions! ✨🎉

As we step into 2025, we want to thank you for your support throughout the past year. 🗓️💼 Here’s to new opportunities, growth, and success for all of us in the year ahead! 💪🌟

We’re excited to continue helping your businesses thrive and keeping those books balanced! 🧾✅

Wishing you a year filled with prosperity, happiness, and all your goals achieved. 💵🍀🎯

Cheers to 2025! 🥂🎊 Let’s make it amazing together! 💙

🎄✨ Thank you for being an amazing part of our year! We've loved working with you and can’t wait for everything 2025 will bring.

📅 Holiday Hours:
Closed from Dec 20th, reopening Jan 6th.

📢 Payroll Reminder:
We'll be working on Mon, Dec 23rd—please send hours to Fee ASAP to ensure smooth processing.

Wishing you a Merry Christmas & Happy New Year filled with joy, laughter, and new opportunities! 🎉 Cheers to a wonderful holiday season! 🥂

The Elite Team 💙

🎄🎄Ho Ho Ho. Merry Christmas 🎁 from the team at Elite! 🎄🎄 It was a big year! We’re so grateful to work with amazing clients. Exciting times ahead. 💕

🚨 The ATO is Cracking Down on Super Payments! Here’s What You Need to Know:

🕵️‍♂️ Real-Time Monitoring: The ATO is using STP Phase 2 data to track super contributions in real-time—missed payments won’t go unnoticed!

⏰ Timely Payments Matter: Super payments must be made on time—if they’re late, penalties apply! Make sure your payments reach the super funds by the due dates.

📊 Accurate Reporting: Reporting errors are easier for the ATO to spot now, so double-check your superannuation reporting to avoid mistakes.

💼 Proactive ATO Oversight: The ATO is actively looking for non-compliance. Ignorance won’t be an excuse, so ensure your super obligations are met.

💡 How Your Bookkeeper Can Help:
1️⃣ Review your super schedules regularly
2️⃣ Understand how long payments take to process
3️⃣ Stay compliant with accurate SG reporting

Don't risk penalties! Get in touch with us today to ensure your super is compliant.