Reckon Blog

News and insights for small businesses

Get the latest industry news, including top tips from accounting and small business experts.
Woman smiling at phone

Follow our social media

Can your bank account handle Payday Super? 🤔 📊⁠ ⁠ Payday Super takes effect 1 July 2026 🗓️ It changes how employers make superannuation guarantee (SG) contributions to their employees. ⁠ ⁠ Under the old system, you could set money aside and pay superannuation quarterly. But under Payday Super, you must pay SG contributions every time you do payroll 🏦 💸 That means weekly, fortnightly, or monthly. ⁠ ⁠ For employers, you essentially start paying smaller amounts of super more often ✅ But if your business has inconsistent cash flow, you could run into issues 📊 And it’s vital to stay compliant: otherwise you could be liable for an ATO fine called the Superannuation Guarantee Charge (SGC) 🚨⁠ ⁠ So how much money will you need to stay compliant? You can get an estimate using our new Payday Super cash flow forecast calculator 📲 🤑 Link in bio 🔗 ✨⁠ ⁠ Not financial advice. Talk to a financial advisor about your situation.
Desperate times call for desperate measures 💀 ⁠ ⁠ If your cereal is telling you to watch your cash flow, maybe go outside ☀️ Touch some grass. Then hit the link in our bio for a free guide on fixing your cash flow 🔗 ✨
Got employees? Confused about Payday Super? No worries: we made a video explaining everything you need to know in plain, simple English 📸⁠ ⁠ Payday Super is a new Australian payroll law that takes effect 1 July 2026 💸🗓️ Superannuation funds are key to how Aussies save for retirement, so it’s an important change!⁠ ⁠ Most workers in Australia are eligible to earn money for their super fund through their employer. The old system let businesses pay super quarterly, but under Payday Super, they have to pay it every time they do payroll, which means weekly, fortnightly, or monthly 📊⁠ ⁠ The goal of Payday Super is to:⁠ ✅ Get employers to pay smaller amounts of super more often⁠ 📈 Accrue more compounded interest in worker super funds, meaning more retirement savings⁠ 🫵 Make sure businesses pay ON TIME by stiffening penalties for noncompliance⁠ ⁠ If you don’t get ready for Payday Super, you could be liable for a fine called the Superannuation Guarantee Charge 😱The ATO calculates this fine based on how much super is missing, plus daily interest until it’s paid 📊⁠ ⁠ Our 3-minute video goes through all the key points and dates you need to know to prepare your business and avoid the fine 💪 Link in bio 🔗 ✨
It’s coming 🗓️ 😅 ⁠ ⁠ Payday Super is a new Australian law coming into effect on 1 July 2026 🗓️ ⁠ ⁠ In a nutshell, businesses will have to make accurate, timely superannuation contributions every time their employees get paid 💰 It’s a huge change to your payroll and compliance obligations, so it’s vital to be prepared!⁠ ⁠ But the ATO has snuck another change into the mix: the closure of the Small Business Superannuation Clearing House (SBSCH) 😱⁠ ⁠ This means a free government service used by many small businesses to securely pay super will SHUT DOWN on 1 July 2026⁠ ⁠ Link in bio for what it means, and what to do about it 🔗 ✨
I like big BAS returns and I cannot lie 😪⁠ ⁠ Friendly reminder to book your bookkeeper in advance. The End of the Financial Year (EOFY) is their busiest season! 😰⁠
I’m not an accountant, I’m just a girl 😭⁠ ⁠ Payday Super is the new rule coming into effect from 1 July 2026 🗓️ ⁠ ⁠ Businesses will have to make superannuation contributions to eligible employees whenever they run payroll 🤑 This could mean paying super at least once a month.⁠ ⁠ There’s a heap of new terms and definitions involved, and the rules are a bit complicated. But we’ve broken it down in our free Payday Super guide for small businesses 🔍⁠ ⁠ Link in bio to get your copy! 🔗 ✨
The ATO extended the $20k instant asset write-off scheme for the 2025-2026 financial year 🤑⁠ ⁠ This scheme lets qualifying small businesses claim eligible purchases up to $20,000 in value immediately on their tax deductions 🏦 ⁠ ⁠ For example, you could pay for a new coffee machine for your cafe or a lawnmower for your landscaping business 💐☕⁠ ⁠ Link in bio for more details 🔗 ✨
Ever feel rich yet broke? 😭 You might have a cash flow problem!⁠ ⁠ Cash flow is how much money you have on hand to pay for things 💸 Profit is how much money your business makes overall 📊⁠ ⁠ They sound similar, but when you run a business, they FEEL very different. For example, if you rely on customers paying invoices to earn money, you might see a delay between “doing the job” and “getting paid” 🧾 When you do get paid, you feel rich! But until then, your bank account is empty 🏦 😰 Hence: high profit, low cash flow.⁠ ⁠ Link in bio for what it means and how to fix it 🔗 ✨

Latest News 

Latest Insights

Latest Product Updates

Trending on Reckon