Journey2 Business & Personal Wealth

Home
Australia
Wollongong, NSW
Journey2 Business & Personal Wealth

Our mission is to give our clients the clarity of direction and support needed for them to achieve t

19/06/2026

EOFY Checklist #1: Superannuation Review Before 30 June

EOFY is the perfect time to get ahead of your super obligations—not scramble at the last minute.

Before 30 June, make sure you’ve reviewed:

• Super Guarantee contributions for the year
• Any outstanding super payments
• Employee super fund details
• Payroll reporting accuracy
• Cash flow readiness for upcoming payments

With PayDay Super starting 1 July 2026, this review is more important than ever.

Getting on top of super now means fewer surprises later.

Journey2 Insight:
Good EOFY preparation today helps you stay compliant and cash-flow ready tomorrow.

Need help reviewing your EOFY super obligations? Book a business review with Journey2 today.

18/06/2026

A friendly but firm reminder 👇

Under PayDay Super (from July 1 2026), employers who fail to pay super on payday will face:

⚠️ Penalty notice from the ATO
⚠️ Superannuation Guarantee Charge (SGC) — which is NOT tax deductible
⚠️ Potential ATO audit flags

The cost of non-compliance far outweighs the cost of getting it right now. Let Journey2 review your payroll setup before June 30. Contact us today!

Get compliant before July → journey2.com.au

17/06/2026

𝗘𝗢𝗙𝗬 𝗜𝘀𝗻’𝘁 𝗝𝘂𝘀𝘁 𝗔𝗯𝗼𝘂𝘁 𝗧𝗮𝘅. 𝗜𝘁’𝘀 𝗔𝗯𝗼𝘂𝘁 𝗕𝗲𝘁𝘁𝗲𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀.

As 30 June approaches, many business owners focus on one question:

"How can I reduce my tax bill?"

But perhaps the better question is:

"How can I position my business for a stronger financial year ahead?"

EOFY is more than a compliance deadline. It's an opportunity to review your cash flow, super obligations, payroll processes, tax deductions, business performance, and growth strategy.

The businesses that gain the most value from EOFY aren't necessarily the ones claiming the biggest deductions—they're the ones using the information to make smarter decisions.

Before June, ask yourself:

✔ Are your records and deductions up to date?

✔ Is your cash flow where it needs to be?

✔ Are you prepared for PayDay Super from 1 July 2026?

✔ Is your current accountant helping you plan ahead or simply keeping you compliant?

We've put together a practical EOFY Checklist for Australian business owners covering the 7 key areas worth reviewing before year-end. Read the full guide here:

🔗 https://journey2.com.au/eofy-checklist-australia-2026/

At Journey2, we believe EOFY should provide clarity, not confusion. The right planning today can create better outcomes tomorrow.

16/06/2026

Big change alert for Australian employers! 🚨

From 1 July 2026, super contributions must be paid ON your employees' payday — not quarterly.

This is the biggest super shake-up in years. Are your payroll systems ready?

At Journey2, we're helping businesses get PayDay Super-ready before the deadline. DM us or click the link to book a free 15-min check-in.

Book your free PayDay Super check-in → journey2.com.au or call us today!

12/06/2026

🚨 Important EOFY Reminder: Lodge Your Super Contributions by June 13, 2026

If you're planning to claim a tax deduction for personal or employee super contributions this financial year, don't wait until June 30.

June 13 2026, is the recommended deadline to ensure your contributions are received and processed by your super fund before EOFY.

Why does this matter?

Super contributions must be successfully processed by the fund before 30 June 2026 for you to claim a deduction in the 2025–26 financial year. With increased transaction volumes at this time of year, many super funds experience processing delays and may stop accepting contributions for the current financial year before 30 June.

📌 What you should do now:

✔ Lodge and pay personal concessional contributions by June 13 2026
✔ Process employee super contributions early
✔ Confirm your super fund's EOFY cut-off date
✔ Submit a Notice of Intent to Claim if making personal concessional contributions

Don't leave your tax planning until the last minute. A simple action today could make a significant difference to your EOFY outcome.

Need guidance? The team at Journey2 is ready to help you navigate your EOFY obligations and opportunities.

11/06/2026

🚨 Don't Miss Out on Your 2026 Tax Deduction! 🚨

As we approach the end of the financial year, now is the time to act on your superannuation contributions.

✅ Personal Concessional Contributions?
Make your contribution as soon as possible.

✅ Employer Super Contributions?
Consider paying as much of your employees' June quarter super now rather than waiting until the last minute.

⚠️ Important Reminder:
To claim a tax deduction in the 2026 financial year, your super contribution must be:
✔️ Processed by the super fund
✔️ Received before June 30 2026

Due to the high volume of EOFY transactions, many retail, industry, and self-managed super funds have processing cut-off dates well before June 30.

📅 Journey2 recommends making your contributions by June 13 2026 to avoid delays and ensure eligibility for your deduction.

📋 If you've made personal concessional contributions, don't forget to lodge your Notice of Intent to Claim a Tax Deduction with your super fund.

Need help navigating your EOFY super strategy?

📞 Contact the Journey2 team today and ensure you're making the most of your tax planning opportunities.

10/06/2026

If you operate a discretionary trust, the decisions you make in the next few weeks are some of the most important of the financial year.

Here's what every trustee should have in place before June 30:

✔ Distribution resolutions — signed, before midnight June 30.

The income of the trust for FY26 must be formally resolved and allocated to beneficiaries before the financial year ends. Miss this deadline, and the default under the trust deed may apply — often resulting in significantly more tax.

✔ Beneficiary eligibility reviewed.

Adult children, corporate beneficiaries, spouse entities — each needs to be assessed for their tax position before distributions are made.

✔ Loan accounts checked against Division 7A.

Any unpaid present entitlements to corporate beneficiaries must be reviewed for compliance.

✔ Trust deed reviewed.

Can the deed support the distribution strategy you're planning? This matters more than most people realise.

This is not box-ticking. For family groups running income through a trust, getting this right can be worth tens of thousands.

If you're not sure your trust is set up for the best outcome this June — we should talk now.

📞 (02) 4228 4877
✉️ [email protected]
🌐 journey2.com.au/get-in-touch

General advice only. Individual outcomes vary. Speak with our team for advice specific to your circumstances.

📝 Is your trust ready for 30 June? Let's review your distribution strategy now.

09/06/2026

The difference between a tax return and a tax strategy.

A tax return is a record of what happened.
A tax strategy is a plan for what happens next.

Most Australians get one. Far fewer have the other.

A tax return tells you what you owed. A tax strategy helps you understand what you could have saved and what you'll save next year, if you plan.

The distinction matters because by the time your return is lodged, the year is already over. The decisions that determined your tax bill were made months earlier or weren't made at all.

At Journey2, we work with business owners and individuals who are ready to move beyond compliance and into control. That means quarterly reviews. Rolling forecasts. Proactive conversations not reactive ones.

EOFY is the most visible moment in the tax calendar. But the real work happens all year round. If you're currently getting a tax return but not a tax strategy, we'd welcome the conversation.

📞 (02) 4228 4877
✉️ [email protected]
🌐 journey2.com.au/get-in-touch

Ready to move from tax returns to tax strategy? Let's talk.

06/06/2026

King's Birthday Public Holiday Notice

Please note that the Journey2 team will be closed on Monday, June 8 in observance of the King's Birthday Public Holiday.

We will resume normal business operations on Tuesday, June 9 and look forward to assisting you with all your business advisory, accounting, taxation, and growth strategy needs.

If you require assistance, we encourage you to contact us before the public holiday or leave us a message, and we'll get back to you as soon as possible upon our return.

📞 Need business advice or support? Reach out to the Journey2 team today and let's help you navigate your next stage of growth with confidence.

Wishing everyone a safe and enjoyable long weekend!

05/06/2026

💡 Why Pay Day Super Matters

From July 1 2026, employers will need to pay Superannuation Guarantee (SG) contributions much more frequently under the new Pay Day Super rules.

Instead of paying super quarterly, contributions must be processed and received by an employee’s super fund within 7 days of each payroll run.

Whether your business pays employees weekly, fortnightly, or monthly, these changes will require updated payroll processes and closer cash flow management.

For employees, this means greater transparency, more timely super contributions, and better long-term retirement outcomes.

✅ Is your business ready for Pay Day Super?

Contact our team today to discuss how these changes may impact your payroll, compliance obligations, and cash flow planning.

📞 Get in touch to ensure you're prepared before the new rules take effect.

Address

Level 1, 63 Market Street
Wollongong, NSW
2500

Telephone

+61242284877

Website

http://www.journey2.com.au/

Alerts

Be the first to know and let us send you an email when Journey2 Business & Personal Wealth posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Journey2 Business & Personal Wealth:

Shortcuts

Want your business to be the top-listed Accountant in Wollongong?