VES Insights | June 2025

VES Insights, your go-to newsletter for the latest in bookkeeping, automation, AI, Xero tips, and essential ATO updates to keep you informed and on track. From simplifying your bookkeeping to harnessing the power of automation and AI, our newsletter is packed with valuable tools and reminders to help you stay ahead.

Download a copy of the newsletter here

Superannuation Guarantee Increase from 1 July 2025

From 1 July 2025, the super rate will rise from 11.5% to 12% — and that means extra planning for business owners.

Even though the increase is just 0.5%, it applies to all super payments made from 1 July, regardless of when the work was done. If you have employment contracts based on total remuneration, you may need to reassess take-home pay.

Read the full article to learn what’s changing, who it affects, and how to prepare your payroll.

---

Payroll Tax Threshold Changes from 1 July 2025: What Victorian Employers Need to Know

Victoria’s payroll tax-free threshold will increase to $1 million from July. Whilst this will reduce obligations for many small businesses, larger employers may see their threshold phased out entirely.

This change will affect your lodgments and planning for the new financial year.

Read the full article to learn how the new thresholds work and what actions your business should take.

---

Wage Increase from 1 July 2025: What Employers Need to Know

Following the latest Fair Work decision, minimum wage and award rates will increase by 3.5%, raising the national minimum to $24.94 per hour.

Whether your team is covered by an award or the minimum rate, it's essential to review pay classifications and apply changes from the first full pay period in July.

Read the full article to learn how the new rates apply and what employers need to do before 1 July.

Disclaimer: This newsletter is intended to provide general guidance and is not specific advice. We encourage you to seek tailored advice for your circumstances.