Factor1 Accountants and Advisers

Factor1 Accountants and Advisers Melbourne's number 1 Accountants and Advisers to Family-owned businesses.

Read the full article here: https://factor1.com.au/articles/end-of-financial-year-compliance-checkpoint-what-business-ow...
25/06/2026

Read the full article here: https://factor1.com.au/articles/end-of-financial-year-compliance-checkpoint-what-business-owners-need-to-confirm-before-30-june/

End of financial year is approaching, and a few areas are worth checking before 30 June. Superannuation contributions need to reach the fund, not just be paid, if you want the deduction this financial year. The Small Business Superannuation Clearing House also closes for good on 30 June, so anyone still using it needs a new arrangement in place. Add WorkCover declarations, payroll tax, and Single Touch Payroll finalisation to the list, and it is a lot to track at once.

We have put it all in one place, including a quick reference table.

If this affects your business, speak with your accountant before making decisions.

Our Factor1 Melbourne office will close early at 2:00pm on Friday, 26 June 2026.Business will return to normal on Monday...
23/06/2026

Our Factor1 Melbourne office will close early at 2:00pm on Friday, 26 June 2026.

Business will return to normal on Monday, 29 June 2026.

Thank you for your understanding.

https://factor1.com.au/articles/super-payments-before-30-june-what-employers-need-to-know/If your business uses the ATO ...
11/06/2026

https://factor1.com.au/articles/super-payments-before-30-june-what-employers-need-to-know/
If your business uses the ATO Small Business Superannuation Clearing House, there is something you need to act on before 30 June.

The clearing house closes permanently on 30 June 2026, which means the final quarterly super payment for April to June cannot be processed through it. That payment is still due on 28 July, but you will need a different way to make it.

The article covers what to do before the end of the financial year, including the Q4 deadline, Payday Super from 1 July, and what happens if payments are late.

Read it here: https://factor1.com.au/articles/super-payments-before-30-june-what-employers-need-to-know/

Say hello to two new faces at Factor1! 👋Karen joined us on 18 May as our new Executive Assistant, and David came on boar...
07/06/2026

Say hello to two new faces at Factor1! 👋

Karen joined us on 18 May as our new Executive Assistant, and David came on board on 1 June as our Innovation Systems Lead.

Two great people, two very different roles - and we are glad to have both of them on the team.

Welcome, Karen and David. 🧡

Our offices will be closed on Monday, 8 June, for the King's Birthday public holiday. We will be back at our desks on Tu...
05/06/2026

Our offices will be closed on Monday, 8 June, for the King's Birthday public holiday. We will be back at our desks on Tuesday, 9 June. Wishing everyone a great long weekend.

Read the article: https://factor1.com.au/articles/cash-flow-planning-before-end-of-financial-year-eofy-what-actually-mat...
01/06/2026

Read the article: https://factor1.com.au/articles/cash-flow-planning-before-end-of-financial-year-eofy-what-actually-matters/
If your business has tax, superannuation, payroll, supplier payments, unpaid invoices, stock or planned asset purchases before 30 June, cash flow should be reviewed before year-end decisions are made.

End-of-financial-year (EOFY) planning is not just about deductions. A deduction can change taxable income, but it does not remove the need to manage cash, timing and upcoming commitments.

This article covers what business owners should review before 30 June, including:
• cash on hand
• unpaid invoices
• stock and work in progress
• superannuation
• Australian Taxation Office (ATO) debt
• asset purchases
• the July to September cash flow forecast

Before making year-end decisions, speak with your accountant.

Factor1 was recently named a finalist in the Australian Accounting Awards for both Firm of the Year and Best Wellness Pr...
26/05/2026

Factor1 was recently named a finalist in the Australian Accounting Awards for both Firm of the Year and Best Wellness Program / Initiative of the Year.

The awards are among the most prominent in the accounting profession, recognising firms, leaders and initiatives across Australia.

Across Melbourne and Mount Waverley, David Castricum, Ellen Soh and Tina Tran are part of the Factor1 team supporting clients with clear advice, responsive service and practical accounting support.

Congratulations to our Director, Terry Chung, on reaching 300 senior games for Toorak East Malvern Hockey Club.Terry’s c...
18/05/2026

Congratulations to our Director, Terry Chung, on reaching 300 senior games for Toorak East Malvern Hockey Club.

Terry’s commitment to his club, teammates and community reflects the same consistency and dedication he brings to his work with clients and the broader Factor1 team.

A great achievement and a well-earned milestone. Congratulations Terry. 🏑

If your company employs staff, unpaid or late superannuation can create risk for directors personally. Read the article ...
15/05/2026

If your company employs staff, unpaid or late superannuation can create risk for directors personally. Read the article here: https://factor1.com.au/articles/payday-super-and-director-risk-why-payment-timing-matters/

In 2023-24, the Australian Taxation Office issued 8,710 Director Penalty Notices relating to unpaid Superannuation Guarantee Charge, involving 6,500 companies.

Payday Super does not create director liability from scratch. But from 1 July 2026, superannuation will need to be paid much closer to each payday, making payroll timing, cash flow and payment processes more important.

Now is the time for directors and business owners to check whether their payroll and superannuation processes are ready.

If you run a business, own or are considering buying investment property, use a trust, employ staff or claim work-relate...
13/05/2026

If you run a business, own or are considering buying investment property, use a trust, employ staff or claim work-related deductions, the 2026–27 Federal Budget includes several measures worth reviewing.

We’ve broken down the key numbers, dates and practical areas to check, including:
• the permanent $20,000 instant asset write-off
• capital gains tax changes proposed from 1 July 2027
• negative gearing changes proposed for established residential property
• the 30% minimum tax proposed for discretionary trusts from 1 July 2028
• the $1,000 instant deduction for workers
• fuel, freight and supply chain measures that may affect business costs

Read the full article here: https://factor1.com.au/articles/2026-27-federal-budget-what-it-could-mean-for-businesses-investors-and-individuals/

Before making decisions, speak with your accountant. The impact will depend on your structure, income, assets, timing and plans.

Address

Suite 46-47, Level 3 Building 2, 1 Ricketts Road
Mount Waverley, VIC
3149

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

1300886309

Website

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