Collectiv. Accounting

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If you are still manually entering new employee details into Xero, there is a faster way. Xero Payroll now has a built i...
28/05/2026

If you are still manually entering new employee details into Xero, there is a faster way.

Xero Payroll now has a built in self-onboarding feature that lets you send a new employee or contractor a secure invite and they fill in their own details. Tax file number, super fund, bank account, emergency contacts, all of it. You review it, approve it, and it flows straight into their payroll record.

No more chasing details over text or email. No more re-entering information you collected on a paper form. No more errors from typing someone else's bank account in manually.
This step by step guide walks you through exactly how to do it inside Xero Payroll from start to finish.

💭 A couple of things worth knowing before you use it. The invite expires after seven days so send it as soon as you know someone is starting. Also don't forget to update your workcover.

With Payday Super starting 1 July 2026 and super needing to hit employee funds within seven days of each pay run, having accurate super details from day one matters more than it ever has.

📌 Save this for the next time you bring on a new hire.

Hiring someone is a big step, especially at the moment.Costs are up, business owners are watching cash flow more closely...
20/05/2026

Hiring someone is a big step, especially at the moment.

Costs are up, business owners are watching cash flow more closely, and there is already a lot to carry. But there is also only so much you can do on your own.

At some point, you either need help so you can keep up, or you need help so you can actually grow.

The part I see people underestimate is the cost.

They look at the salary and think that is the number. Then super gets added, workers comp turns up, leave starts building, time gets spent training, and suddenly the real cost looks very different.

That does not mean hiring is the wrong move. It just means you want to know what it is really going to cost before you make the call.

Especially with Payday Super coming in from 1 July 2026, this is something worth understanding properly now.

If you are thinking about bringing someone on, look at the full cost first. Not just the wage.

Feels like everyone is suddenly using the same few words and half the time people are just hearing them without really k...
14/05/2026

Feels like everyone is suddenly using the same few words and half the time people are just hearing them without really knowing what they mean.

🤔Grandfathered. Negative gearing. Capital gains. Trusts. Tax offsets.

So I wanted to break them down properly and put them into normal English.

If there is anything else you want me to explain, send me a DM and I will cover it next.

13/05/2026

Let me know your thoughts on the budget 💭

Last night’s Federal Budget is one a lot of people are going to be unpacking for a while.

If you own an investment property, run a business, have a family trust, or were planning to sell assets down the track, these are the three changes people are really watching 👀

Negative gearing
For new investment properties bought after the budget-night cut-off, rental losses will no longer be offset against your other income in the same way, unless it is a new build. Existing properties are being grandfathered. That means the numbers change for anyone looking at buying an investment property from here.

Capital gains tax
The 50% discount is going, with a new method being brought in instead. That matters for anyone holding property, shares, crypto, or even a business, because what you pay in tax when you sell changes what you actually walk away with 💸

Discretionary trusts
A 30% minimum tax on trust distributions is being brought in. This is a big one for business owners and families who use trusts for asset protection, succession planning, and structuring things properly. This is the one I think is going to hit a nerve the most.
And yes, apparently there is also a little bit of good news in there too. A $250 offset for the average Australian worker.

So, thank you I guess 🙃

The biggest thing with all of this is that it is not just “budget talk.” These changes can affect tax planning, investment decisions, trust structures, and what people do next in their business or personal finances.

I think a lot of people are going to be spending the next few weeks trying to work out what this actually means for them.

11/05/2026

The federal budget drops tomorrow night and if the leaks are right, three changes are coming that will directly affect Australian business owners, investors, and anyone with a family trust.

Here is what is being reported before tonight.

The capital gains tax discount is expected to be cut. Right now you only pay tax on 50% of a gain when you sell an asset held for more than 12 months. That could drop to 33%. If you are planning to sell a business, an investment property, or shares at some point, your tax on that sale just got more expensive.

Negative gearing changes are on the table. The ability to offset investment property losses against your income could be limited to new properties only, or removed for existing properties altogether. A lot of Australians structured their finances around those rules.

And a 30% minimum tax on trust distributions is being widely reported. Right now discretionary trusts distribute income to beneficiaries at their individual tax rates. A flat 30% minimum would directly hit family businesses and small business structures that have done nothing wrong.

None of this is confirmed until Tuesday night..

If you have a trust, an investment property, or a business you plan to sell one day.

Save this and share it with someone who needs to know what is coming.

A lot of business owners get to this time of year and start thinking about tax properly for the first time.That is usual...
08/05/2026

A lot of business owners get to this time of year and start thinking about tax properly for the first time.

That is usually when the panic kicks in. 🥲

People start spending money, buying things they were not planning to buy, or trying to do something before 30 June because they think it will help. But half the time, they have not actually stopped to look at what is sitting there, what belongs to the ATO, and what the business still needs to hold onto.

That is where a lot of the stress comes from.

The bank balance does not tell you the full story. It does not show you what still needs to go on GST, what income tax is building in the background, what PAYG might already be sitting there, or what has already been committed somewhere else.

And then people start making EOFY decisions without really knowing what the numbers are saying.

This is also why tax planning matters so much if your business is in a profitable position. 📈

It is not about rushing out and spending money for the sake of it. It is about understanding where the business is sitting before 30 June, what your likely tax position looks like, whether you are in the right structure, and whether there is anything that actually needs attention now instead of later.

A few things worth looking at before year end:

• how much profit the business has made so far
• where your GST is sitting
• what income tax is likely to look like
• whether there are PAYG instalments or pre-payments already in place
• whether director loan accounts need attention
• whether the business is still operating in the right entity
• and whether any spending you are thinking about actually makes sense

If tax keeps feeling like a shock every year, it is usually because the planning is happening too late.

There is still time before 30 June to look at it properly and make better decisions from there.

Address

Griffith, NSW
2680

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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