Hillier's Advisors Chartered Accountants

04/06/2026

Have you received a notice like this?

We are seeing lots of people caught out by this one. This is a SCAM! It is a third party company and completely unrelated to your annual ASIC fees, so don't get caught out.

27/05/2026

🚨 The Pay Day Super Trap: Are You Ready for July 2026? 🚨

From 1 July 2026, the way super is paid is changing — and for many businesses, this could create serious compliance risks if not handled properly.

Introducing Pay Day Super 👇
Super must be received by the fund within 7 days of every pay run — not quarterly.

💡 Sounds simple… but here’s where it gets tricky:

* Your cash flow buffer disappears overnight
* The ATO will track payments in real-time via STP
* Penalties for getting it wrong are significant
* And there’s a hidden risk many businesses don’t know about…

⚠️ The “Allocation Trap”
If your timing isn’t right, payments can be applied to old liabilities — leaving you technically non-compliant even when you’ve paid.

👉 We’ve broken it all down in our latest blog, including:
✔️ What’s changing and why it matters
✔️ The biggest risks to avoid
✔️ How to prepare your systems and cash flow
✔️ Key actions to take before July 2026
🔗 https://hilliersadvisors.com.au/blog/the-pay-day-super-trap-why-july-2026-could-break-your-compliance

This isn’t just a payroll update — it’s a major shift in how your business manages cash flow and compliance.

💬 If you’re unsure how this impacts you, reach out — we can help you get ahead of it now (before it becomes a problem).

15/05/2026

The Federal Budget included some BIG proposed tax changes that could impact families, business owners and property investors over the next few years 👷‍♂️🏠📂

 
A lot of these announcements sound confusing (and honestly… they often are 😅), so we’ve broken down 3 of the biggest areas into simple terms:

 
✔️ Negative gearing changes
✔️ Capital gains tax updates
✔️ New trust minimum tax rules

 
If your family:
• owns investment properties
• runs a business through a trust
• plans to build wealth through property
• or wants to eventually sell a business or investment asset…

 
…these changes are worth understanding early.

 
The key thing to remember 👉 most of these proposals don’t start immediately, which means there’s still time to plan properly and avoid nasty surprises later.
As always, everyone’s situation is different — so don’t panic based on headlines alone.

 
If you’re looking for a more detailed breakdown, head over to our Blog for more in depth information. If you’d like help understanding how these changes could affect your family or business, reach out to the team at Hillier’s Advisors.

https://hilliers-advisors.webflow.io/blog/2026-27-federal-budget-what-you-need-to-know
 
InvestmentProperty FederalBudget HilliersAdvisors

12/02/2026

This is Ted. Ted claimed $61,286 in tax deductions without keeping correct records, Ted's deductions got denied, he had to repay the tax with interest and received penalties for disregarding the tax laws.

Don't be like Ted.

The importance of keeping adequate records is demonstrated by this case. Not only should receipts be kept for all expenses claimed, but logbooks and diaries may be necessary to prove the wok related portion of an expense also.

https://www.accountingtimes.com.au/tax/engineer-who-claimed-60k-in-wfh-car-deductions-loses-court-fight?utm_source=newsletter&utm_campaign=Daily&utm_medium=email&utm_content=2026-02-13&utm_emailID=a25a5202d97e83f3b78786a2389c6461ddb89094c73bfdd50736d794b040d97a

08/12/2025

Pay day super, what does it mean for you?

From 1 July 2026, employers will be required to pay their superannuation liability within 7 days. This might not seem like a large change, as businesses need to pay their super each quarter as it is, however administrative burden of completing it on time, combined with the effect on cashflow is something business' should be preparing for.

Attached is an ATO fact sheet on the topic. Some key points are summarised below:
- Superannuation Guarantee is due 7 days from the payment of wages;
- Being 'due' means it has been received by the employee's fund, not that the payment has been raised. It can take a few days for payments to be processed by a clearing house and be received by the fund;
- Any late payments will automatically have interest and penalties apply by the ATO;
- Late payments attract interest, and an 'administrative uplift';
- Penalties can be applied of 25-50% of the late paid superannuation;

An example to illustrate how costly late payment can be, a business pays $100 super 7 days late. Interest is charged daily, $2 of interest. Administrative uplift of $61.20 is applied, as well as penalties of $50. So late payment of $100 super, results in additional costs of $113.20!

04/12/2025

As you’re planning work Christmas functions, taking clients out to lunch and sharing client and staff gifts, do you know the tax consequences of these expenses? What you choose and how you structure it, can significantly affect both whether you can claim tax deductions and GST credits as well as whether a Fringe Tax liability will apply.

Join Lauren Hillier, Chartered Accountant and small business specialist as she runs through some of the factors you should consider to achieve better tax outcomes.

Register now and you will also receive a free entertainment quick reference guide to download!

As you're planning work Christmas functions, client gifts and staff gifts, do you know the tax consequences of these expenses? What you choose and how you structure it, can significantly affect both whether you can claim tax deductions and GST credits as well as whether a Fringe Benefits Tax liabili...

01/12/2025

Have you noticed some changes in your Xero file?

You may have noticed that Xero is rolling out a few changes, these are being rolled out progressively so different files have access at different times.

The first is the new business dashboard, I've attached a screenshot below. This is trying to provide business owners with a quick snap shot when you open your file. All the data on this screen is customisable, so you can remove what you don't need and focus on what you do, just hit the 'customise' button in the top right or the 3 dots on the top right of any widget.

The next is AI bank reconciliations, I have attached a link below with a short demo. When you are in your bank reconciliation screen ((if you have access) in the top right should be 'auto-reconcile on/off' (screen shot attached). Turning this on will allow Xero to use AI to auto reconcile transactions, but don't be afraid to use this feature, as you can always select the 'view all reconciled' button below to see a summary of all transactions reconciled and the details, enabling you to review and edit as required.

Xero's AI is based on Open AI (behind Chat GPT) and according to Xero the AI will learn from any changes made and improve the more it is used. It can obviously be toggled on and off as you see fit.

https://xero.wistia.com/medias/ic40okdwr8