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The Evolving Role of Bookkeeping in an AI-Driven World
June 10th, 2026The CFO2GO team at McKinley Plowman has observed with interest Artificial intelligence (AI) moving rapidly from a futuristic concept to an everyday business tool, and now many Australian businesses are already using AI-powered systems (perhaps without even realising it) for bookkeeping purposes and beyond. Cloud accounting platforms continue to introduce smarter automation features, and forread more
Get Your Business Ready for Payday Super
March 11th, 2026If you’re used to paying super quarterly, Payday Super will be one of the most significant payroll changes your business has faced in years. From 1 July 2026, superannuation contributions must be paid at the same time as your employees’ wages and received by their super fund within seven business days. For many business owners,read more
SBSCH Is Closing: What Employers Must Do Now
October 23rd, 2025If you currently use the ATO’s Small Business Superannuation Clearing House (SBSCH), change is coming. As part of Australia’s proposed Payday Super reforms, the SBSCH has closed to new registrations as of 1 October 2025, then closing fully and will stop accepting contributions from 1 July 2026 (existing users can keep using it up toread more
Cyber Security for Australian Businesses
July 21st, 2025Cyber Security for Australian Businesses - Staying Safe in the Digital Age From invoice scams to ransomware, cyber threats are no longer just an IT issue — they’re a business risk with real financial consequences. For Australian businesses, especially Small & Medium Enterprises (SMEs), the rise in cloud computing and remote work has delivered flexibility andread more
National Minimum Wage Increase – Time to Review Your Payroll?
June 18th, 2025On 1 July 2025, the National Minimum Wage and award minimum wages increased by 3.5%. That means the new base rate for employees not covered by an award or enterprise agreement will increase to $948 per week or $24.95 per hour. At the same time, award minimums also rose by 3.5%, affecting many employees acrossread more
2025 End of Financial Year Business Preparation
June 13th, 2025At this time of year, we find ourselves having regular discussions with clients about best business practice for 2025 End of Financial Year preparations. This can include end of year payroll, transitioning to cloud-based software for the first time, changing software providers, or simply reviewing data file accuracy. A proactive approach and mindset are keyread more
How to Simplify Your Business’ Tax and Compliance
January 31st, 2025No matter what business you run, being an entrepreneur can be challenging, exciting, daunting, and even overwhelming at times – and that’s just in day-to-day operations, let alone the tax and compliance requirements required to keep everything above board. The shifting landscape of tax and compliance legislation can make it tricky to stay on topread more
Why Are So Many Businesses Moving to Xero?
March 25th, 2024In a world of many options, business owners have several choices when it comes to the accounting software package they use, but Xero is by far the largest and fastest growing player in the market in Australia & New Zealand. That’s no coincidence – there are a number of reasons why so many business ownersread more
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