The ATO is increasing pressure on employers to comply with obligations and make Super Guarantee payments on time, every time. You need to be aware of your obligations and put systems in place to ensure you remain compliant.
Innocent oversights (that can happen all too easily when people get busy) will attract the same penalties as deliberate non-compliance so it's better to be safe than sorry. In future, there will be little leeway for businesses failing to make required payments by the due date and you could face hefty fines for failure to comply. So please note carefully that; The ATO website states "if you don't pay the minimum amount of super guarantee (SG) for your employee (s) into the correct fund by the due date you may have to pay the super guarantee charge (SGC) which is not tax-deductible." The charge is made up of shortfall amounts, interest (currently 10%) and an administration fee of $20 per employee, per quarter." Why risk paying late fees, charges and super payments not being deductible when you can be on time every time? Engage Rowe Partners today to handle all your business bookkeeping needs for you. By engaging us as your outsourced business bookkeeping and payroll service provider, you can have greater peace of mind knowing your obligations to staff and the ATO are met and you can reclaim precious time in your day to do other, more enjoyable things. Rowe Partners ensure all your staff Super payments are made and reports completed on time keeping you in the ATO good books. Our rates are affordable and our team is always there to support. They will have you up and running in no time flat and meeting all your Super deadlines. The systems, support and processes we set up for you are tailored to suit your specific circumstances.
Call 1800 04 7693 today!
When you call, ask us about our range of service options for;
Fully outsourced business bookkeeping services - affordable red carpet treatment!
Pain-free payroll with expert support.
Cloud-based tech solutions to integrate with Xero for a super sleek, efficient system.
New business set up and systems to make sure you're fully compliant from day one.