JR Corporate Accountants

If your business pays contractors for providing certain services on your behalf, you may need to lodge a Taxable payments annual report (TPAR).

It tells us who you paid and how much you paid them.

You may need to lodge if you paid contractors for:

🚧 building and construction
🧹 cleaning
🚚 courier and road freight
💻 IT
🛡️ surveillance, investigation or security.

Check to see if it applies to your business, and lodge online by 28 August.

Please read the brochure attached to see if this will assist you.

The Fair Work Commission will require 18 to 20-year-olds to be paid the full adult rate in a major ruling that will shake up the wage bill for some of the country’s biggest employers.

Read more: https://ebx.sh/EMDBXD

Surcharging on credit and debit card payments will be banned from October, the Reserve Bank has confirmed.

The full story: https://theageaustralia.com/3NN0NGD

Absolute Disgrace.

‘A Breach of Trust’: How the Edwards Investigation is Shaking the Hawkesbury Hawkesbury Retirees Bracing for Massive Losses with ASIC Moving to Liquidate Edwards-Linked Firms as the SMSF Scandal Deepens

SUPER SHAKE UP STARTS 1 JULY 2026

Are you prepared? Payday Super is coming.

From 1 July 2026, employers must pay super guarantee contributions for each payday.

Payments must generally reach super funds within 7 business days after payday.

Funds will have 3 business days to allocate or return contributions that cannot be allocated.

Ensure all of your employees superfund details are up to date to avoid ATO penalties.

Call JR now 02 4577 3938 if your software isn't ready as it may need to be upgraded. The ATO Super Clearing House closes permanently on 1 July 2026.

Saving for your first home? There’s an easy way to boost your deposit by up to $50k 🤑

The First Home Super Saver (FHSS) scheme lets you make voluntary contributions to your super and withdraw them when it’s time to buy your first home.

With the scheme, any money you put in your super:
• gets taxed at a lower rate than ordinary income
• gives you a 30% tax offset when you withdraw the assessable amounts
• has associated earnings calculated based on the shortfall interest charge rate
• is kept aside until you’re ready to use it.

Less tax = more savings! 💸