NN Accountability Bookkeeping and Training Group - Xero Training & Setup

29/05/2026

28/05/2026

Generally, you can only claim clothing if it is a compulsory uniform, protective gear, or specifically designed for your occupation. Everyday or conventional clothing cannot be claimed, even if you only wear it for work.

28/05/2026

Starting 1 July 2026, Australian employers must pay employees' Superannuation Guarantee (SG) on the same day they pay their wages or salary.

Payments must clear into the employee's nominated super fund within 7 business days.

The new Payday Super system introduces stricter timelines, new calculation methods, and updated reporting requirements to reduce unpaid super and help employees track their retirement savings.

28/05/2026

Bank statements alone don’t tell the full story!

26/05/2026

💼 Fringe Benefits Tax (FBT) – Example

FBT applies when you provide non-cash benefits to employees.

👉 Simple example:

A company gives an employee a car for personal use (e.g. weekends and holidays).

The employee isn’t paying for it
It’s a benefit outside their salary

➡️ The employer must pay Fringe Benefits Tax (FBT) on the value of that benefit to the Australian Taxation Office.

💡 Another quick example:
Employer pays an employee’s gym membership
➡️ This is also a fringe benefit → FBT may apply
🔑 Key point:

FBT is paid by the employer, not the employee.

25/05/2026

As 30 June approaches, it’s important to take a few simple steps to optimise your tax position.
Reviewing expenses, making eligible purchases, checking super contributions, and ensuring your records are up to date can all help reduce taxable income and avoid last-minute surprises at tax time.

*A little EOFY planning now can make a meaningful difference.