Payday Super set to cause SME cashflow shock

Small and medium-sized enterprises (SMEs) will be hit with a cashflow shock when the federal government’s Payday Super reforms come into effect on July 1 this year.  James Beeson, Chief Executive Officer of working capital specialists Earlypay, urges SMEs to begin preparing for the Payday Super reforms now, as superannuation payments shift from quarterly employer payments to e…