What FY26 Means for Your Business: Key Changes Incoming
With the 2025–26 financial year just around the corner, now is the time to start preparing your business for the changes ahead. From tightening ATO compliance measures to potential new legislation impacting payroll, FY26 is shaping up to be a year of increased responsibility — and opportunity — for business owners.
Staying Ahead of Compliance
The ATO has signalled a continued focus on timely lodgements, accurate reporting, and early engagement — particularly when it comes to tax debts and payment arrangements. As outlined in recent updates, interest on outstanding ATO debts will no longer be tax deductible from 1 July 2025, increasing the cost of carrying overdue amounts. This change, coupled with higher General Interest Charge (GIC) rates (currently 10.78% annually for Q1 of FY26), means businesses must be more proactive than ever in managing cash flow and compliance.
Same Day Super – What You Need to Know
One of the most significant proposed changes that may impact businesses in FY26 is the introduction of same day superannuation payments. If legislated, this would require employers to pay employees’ superannuation contributions at the same time as wages, rather than quarterly.
While this change is not yet law, it’s expected to have a major operational impact — especially for small businesses. Moving to same day super would require real-time payroll systems, tighter cash flow management, and closer alignment between finance and HR functions.
What this means for your business:
- Payroll systems may need to be upgraded or reconfigured
- Payment processes will need to align closely with super clearing houses
- More frequent outflows could affect weekly or fortnightly cash flow
- Compliance risk will increase without real-time tracking and automation
It’s important to begin assessing whether your systems and processes can handle this shift, and consider speaking with your accountant or bookkeeper to get ahead of the curve.
Other Considerations for FY26
In addition to ATO changes, there may be updates to:
- Award wages and super guarantee rates
- STP (Single Touch Payroll) Phase 2 compliance checks
- Digital record-keeping requirements
- Reporting deadlines for small businesses and trusts
Now is the ideal time to conduct a financial health check, review your internal processes, and set up the right support for the new financial year.
How Zweck Can Help
At Zweck, we help businesses prepare for financial year transitions with clarity and confidence. Whether it’s updating your payroll software, reviewing superannuation processes, or navigating new tax rules, our team is here to keep you compliant and in control.
Need help getting ready for FY26?
Contact Zweck today for a tailored EOFY prep session and start the new year strong.
