SMEs need to move now as Payday Super deadline looms amid bleak economic outlook

Australian small and medium-sized businesses must act now ahead of the introduction of Payday Super on July 1, with invoice finance specialists Earlypay warning the reform will reshape payroll, tighten cashflow and leave little flexibility for SMEs at a time when the economic outlook is bleak. Under the changes, employers will need to pay super contributions alongside wages, with funds required to…