June 2026

June is the run-up to 30 June, and this year there's more to act on than usual with several 1 July changes landing at once. Here's what's worth your attention before the financial year closes.

Instant asset write-off — use it before it changes

The $20,000 instant asset write-off is still available for the 2025–26 financial year, but the rules shift on 1 July.

• Eligible small businesses (turnover under $10 million) can immediately deduct assets under $20,000

• The asset must be first used, or installed ready for use, by 30 June 2026

• Good news for planning ahead: the Government has proposed making the $20,000 threshold permanent from 1 July 2026, so this isn't a "use it or lose it" cliff the way it has been in past years — but nothing is locked in until it's law

  
  

Get ready for Payday Super

From 1 July 2026, employers must pay super at the same time as wages, not quarterly.

• The final quarterly super payment under the old system is due by 28 July 2026

• The Small Business Superannuation Clearing House (SBSCH) is closing — if you use it, you'll need to move to an alternative provider before the changeover

• Now is the time to check your payroll software is ready and your cash flow can handle weekly or fortnightly super rather than a quarterly lump sum

  
  

Payroll and award updates

• Review any award rates and minimum wage changes that apply from 1 July

• Update payroll software ahead of the new financial year and run a test pay cycle in late June to confirm everything calculates correctly

• The ATO continues to lean on Single Touch Payroll data to flag discrepancies in real time, so accuracy matters more than ever

  
  

Other things on the radar

• All partnerships must now lodge Statements of Distribution electronically, regardless of size

• It's a good time to review who has access to your ATO Online Services for Business and Australian Business Register accounts as a fraud-prevention check

  
  

What to focus on now

• Bring forward any planned asset purchases if you want to use the current $20,000 write-off before 30 June

• Get your payroll system and cash flow ready for Payday Super

• Confirm your SBSCH alternative if you use it for employee super

• Finalise stocktake, reconcile accounts, and tidy up records before year-end

  
  

If you want help navigating these changes or understanding how they apply to your situation, Apex Tax Advisory can assist.