APM Advisors + Accountants

27/05/2026

The Better Targeted Superannuation Concessions measure (known as the Division 296 tax) is now law and takes effect from 1 July 2026. For those with large super balances, it’s important to understand what the new tax does, why it’s been introduced, and the practical steps you and your financial adviser should consider.

You can read more here:
https://apmaa.com.au/what-the-new-div-296-tax-means-for-individuals-with-large-super-balances/

22/05/2026

With the upcoming change to Payday Super, it is important to know when to pay contactors if super applies to them.

The Payday Super changes do not change any rules about eligibility for paying contractors etc, but if you do need to pay super for them, it will also need to be inline with the new Payday Super rules.

Read more here:

Find out what Payday Super means when engaging with independent contractors.

12/05/2026

Employers who provide work vehicles for private use are now under the spotlight. Sophisticated data-matching means assumptions and shortcuts can quickly lead to audits, penalties, interest charges. Read more in our latest article:

https://apmaa.com.au/the-ato-targets-fbt-on-work-vehicles-dont-let-assumptions-cost-you/

07/05/2026

If you don't know where to start or how we can help - pick up the phone and lets have a chat about how we can work together to achieve your financial goals.

☎ 03 8400 6500

30/04/2026

Running a successful business is hard work and sometimes... despite best intentions, tax obligations slip. If the business is being operated through a company structure, then the ATO can potentially issue a Director Penalty Notice (DPN), holding company directors personally liable for unpaid taxes.

Read more in our article:

https://apmaa.com.au/directors-penality-notices-review-a-wake-up-call-for-business-owners-on-personal-tax-risks/

24/04/2026

Late payments and the super guarantee charge (SGC) are changing with Payday super.

What it looks like now:

The SGC applies when amounts aren’t received by a super fund within 28 days of the end of a quarter.
The SGC:
-is self-assessed by the employer, who must lodge an SGC statement
-is calculated based on salary and wages
-includes interest at 10% per annum
-includes a flat administration fee
-is not tax deductible.

From 1 July 2026

The SGC applies when amounts aren’t received by a super fund within 7 business days of payday (unless an extended timeframe applies, such as for new employees).
The SGC:
-is assessed by the ATO
-is calculated based on QE
-includes interest that compounds daily at the general interest charge rate
-includes an administrative uplift, which can vary based on an employer’s history of meeting super guarantee obligations and may be reduced by a voluntary disclosure
-is tax deductible.

If you need help understanding this, please reach out to our office.

14/04/2026

Local accountants who understand Melbourne business. If you are looking for a new accountant, why not have a chat to Manuel Imbardelli and our team about how we can work together. We are located in Kew East. [email protected]

09/04/2026

Payday Super is a change to how you calculate and when you pay your employees’ super guarantee. From 1 July 2026 you must pay employees their super guarantee on payday, at the same time as their salary and wages. Read more about the changes and what you can do to get ready over on our website:

https://apmaa.com.au/payday-super-is-coming-are-you-ready-how-does-it-work/

02/04/2026

Wishing you a Happy Easter from the team at APM. If you are heading away, please take care on the roads! We will be back in the office on Tuesday.

25/03/2026

This is such a simple tip but will keep your books so much cleaner when it comes to tax time - keep seperate accounts. The ATO advise to do this - keeping your business expenses completely separate to your personal expenses will make tax time a lot easier for you and if you are audited, makes the process a lot more straightforward too. Many banks offer fee free accounts so check yours and many will let you open extra accounts with just a few taps in your banking app.