PayDay Super coming into effect

IMPORTANT ACTION REQUIRED BY ALL BUSINESS OWNERS: Especially those currently paying wages to Directors, Employees and/or Associates, Directors fees and bonuses

PAYDAY SUPER REFORMS

We wish to inform you that the Government has recently finalised its Payday Super reforms. These reforms make significant changes to the way employers need to make compulsory super contributions for directors, employees and/or associates from 1 July 2026.

The key changes to take note of include the following:

Compulsory contributions for most employees will need to be made within 7 business days of paying an employee’s wages (e.g., weekly, fortnightly or monthly), rather than quarterly.
Increased penalties may apply if you do not comply with the new requirements (e.g., where you make late super contributions for employees).
If you are using the small business superannuation clearing house to make super contributions, you will no longer be able to do this from 1 July 2026.

These changes will require you to update your existing payroll and contribution practices. We therefore recommend you monitor updates from your payroll software provider on what preparation is required before 1 July 2026, so that you are ready to comply when the new rules commence.

Having to make more frequent contributions may also impact your business’s cash flow. We therefore encourage you to review your existing budgeting processes early in order to avoid or mitigate cash flow pressures when the new rules take effect.

Stones Sharp also suggest employers start paying superannuation guarantee payments with your pay cycle from January 2026 in order to become accustomed to the new system.

Additionally employers may wish to revise their payroll cycle frequency particularly if it is currently a weekly or fortnightly cycle in order to minimise administration work.

We note that the following applies for super guarantee for super payable for 1 October 2025 – 30 June 2026:

Quarter 01/10/2025 – 31/12/2025 payment due no later than 28/01/2026
Quarter 01/01/2026 – 31/03/2026 payment due no later than 28/04/2026
Quarter 01/04/2026 – 30/06/2026 payment due no later than 28/07/2026
01/07/2026 onwards payday super rules are applicable

Stones Sharp will be running a complimentary webinar on this topic with guest speaker and tax expert Peter Adams on Friday 13 March 2026 at 2pm to 3pm. For more information or to register your interest please email reception@stonessharp.com.au.

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Julian Phang

09:00 14 Feb 19

Over 20 years minimum hassle starting with Ken and then with Shane.

John La Rocca

23:07 06 Sep 18

I have been dealing with Shane Borg and Stones Sharp for well over 20 years. Shane's personalised approach focused on providing practical and commercial solutions to business and personal problems has always been first class......Shane is truly our "Trusted Advisor".

Steven Edwards

03:50 17 Oct 18

Our family has been working closely with Stones Sharp for well over 15 years and would like to express our gratitude for the straightforward and honest advice over the years.

Marisa Panettiere

13:26 17 Aug 18

Shane and the team at Stones Sharp have been great to deal with. Very helpful and go the extra mile.

Andrew Sanderson

00:09 25 Nov 17

I have been a client of Shane Borg for some 20 plus years. Over this time I have always sought Shane’s advice for my business, investment ventures, taxation planning and obligations for my ventures and self-managed superannuation fund. Shane provides honest and directional advice that you can utilise within your decision making processes. Shane and the team at Stones Sharp are more than tax accountants, they are akin to business partners assisting me in wealth creation and business management advice…. They truly care about me and my family.The team at Stones Sharp are both proactive and responsive while they continue to communicate regularly. I highly recommend Shane and the Stones Sharp team.

Nimish Jha

06:20 27 Jun 19

Professional, quick, hassle-free, and personalised service from everyone I dealt with. Highly recommended.

Kylie Bismire

01:34 09 Aug 19

As a new customer to Stone Sharp we have had fantastic service from Shane & his team. Arriving with a messy lot of accounts, Stone Sharp made the process of sorting it out & simplifying it an easy process. Taking away all our stress & making the accounting process an easy one.

Daniel Stones

10:40 25 Mar 20

Great to deal with and I highly recommend! Shane and the entire Stones Sharp team are deeply understanding of the challenges faced by business owners. The care and empathy they show to their clients is second to none.

Ali Irfanli

23:42 25 Mar 20

Shane was invaluable with helping my business to sort out a complicated tax matter. I felt very supported during the current time where there is a lot of uncertainty. I highly recommend Shane and his team.

Pippa Sowdon

08:55 13 Aug 20

Shane was incredibly responsive and was able to assist and provide value by providing a contact who would be able to assist with an accounting service which was outside of his core business services. Thank you for going above and beyond.

Adam Aitken

10:26 21 Sep 20

We moved from a large accountant firm to Stonessharp via a recommendation. The trust, service, care and attention to detail from Shane and his team has been brilliant and was exactly what we needed. We are a medium size trades business operating in multiple states that need constant support and advice. Stonessharp exceeded the recommendation and we are thoroughly pleased with our move. Thanks again to Shane and the staff at Stonessharp, keep up the great work.

Michael Finn

04:05 24 Nov 20

Shane and all the team at Stones Sharp have been fantastic for us since swapping over to them nearly three years ago.From initial 360 degree analysis of the business, then putting logical steps in place to turn the business around and onto sustainable planning for the future. What Shane and his team have done in this time is unbelievable from both a business and personal point of view.I would highly recommend Stones Sharp to any business owner and we are looking forward to a long and fruitful working relationship (and plenty coffees!).

George Lenk

03:19 08 Mar 21

Very helpfull and prompt service accounts company.

chez chez

03:30 21 Mar 21

After my long time accountant's retirement, I had to search for a new one and It was very hard while living overseas In the USA. I am so glad to find this firm.Brilliant CPA! Doesn't nickel and dime you if you simply have a quick question. Very personable and easy to talk to which I appreciate in anyone but especially an accountant! Truly professional and exceed my expectations.

Tim Sharp

22:50 05 Sep 21

Brilliant service from Stones Sharp. And no, I am not a relation of the Directors, just a coincidence. Without even being a Client of the firm - I was subleasing office space - they have proactively kept me up to date on email with all the job keeper programs. Hence, I am moving my business and personal tax requirements over to Stones Sharp.

Sam Gilmore

00:11 16 Dec 21

Shane and his team deliver a quality and professional service. I have recently come across to Stones Sharp based on a friends recommendation, and I couldn't be happier. Looking forward to continuing to work with Stones Sharp well into the future.

Peter Wilson

23:28 01 Apr 24

Would like to thank Shane and the team at Stones Sharp Accountants, Our business has been highly supported, ensuring we navigated through the ups and downs the last few years presented. Highly recommend Stones Sharp for your business, specialist in financial and accounting.

Simone Wilson

22:51 15 Sep 23

I highly recommend Stones Sharp, we have been using them for a few years now. Shane and, all the team at Stones Sharp are fantastic professionals. They have been helping with our, tax returns and, our cryptocurrency taxes. The team are all friendly, supportive and offer great valuable advice.

Jen W

22:44 26 Jan 23

A big thank you to the team at Stones Sharp Accountants, and especially to Shane in support of our work at the Caroline Chisholm Society over the past 6 months. As a small not for profit, working with a specialist financial and accounting team like Stones Sharp has ensured we had good compliance in our financial reporting and accounting processes, along with great support.

Alex Tighe

12:12 01 Jul 24

Happy to highly recommend Shane & the Stones Sharp team. Very responsive and professional service. I have always had a great experience and received high quality accounting advice.

alex b

02:20 10 Jul 24

Shane has assisted me multiple times with accounting, business and personal matters.I find him extremely professionally, compassionate and I highly recommend his company's services.

Steven Watt

12:37 05 Mar 26

Shane Borg has been resolving my financial matters for over 30 years. I have followed Shane from the early days of his career through to Stones Sharp due to the service I have always received.The service from the team at Stones Sharp over the last 3 financial years has been exceptional, clear consistent communication and an understanding of my requirements have made for an easy resolution of my ever changing financial situation.Thank you Shane and the team and Stones Sharp.

Jodie Lennox

23:58 06 Jul 25

Thank you to Shane Borg and the team at Stones Sharp. We had a property owned within a family trust structure settling, needed guidance through a tax lens. Meeting with Shane was arranged quickly and he was great to deal with. Would highly recommend.

Toscano Plumbing

03:54 15 Nov 17

I would highly recommend Shane and the team at Stones Sharp who have been a valuable part of our business for several years now. They have always provided us with valuable business and financial advise saving us money, are proactive in their service and always available to answer any questions. They truly care about our business. Thanks again to the team at Stones Sharp.

IMPORTANT ACTION REQUIRED BY ALL BUSINESS OWNERS: Especially those currently paying wages to Directors, Employees and/or Associates, Directors fees and bonuses

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