9th November, 2015
The ATO SuperStream deadline is looming for employers with 19 or fewer employees. With only two more quarterly payments to be made, businesses need to be ATO SuperStream compliant by 30 June 2016. However businesses with 20 or more employees should already be ATO SuperStream compliant.
If you’re not compliant, you could be penalised by the ATO. Mindful of the ATO’s deadline for SuperStream compliance, the ability to be SuperStream ready has been available in MYOB since May last year.
In simple terms, you must now pay superannuation electronically in a simplified format. While it makes things easier if you’re using online accounting software, it does require action on your part to ensure you are lodging correctly.
250,000 employers already are benefitting from SuperStream around Australia*
*Figures from ato.gov.au
Making super payments directly out of MYOB AccountRight is easy. One payment takes care of all your employees and each of their super funds. You can make payments monthly or quarterly depending on your business processes.
There lots of ways to get SuperStream ready. Here are four simple steps to follow:
The ATO is showcasing a series of SuperStream webinars for various industries. These free webinars are designed to help you prepare for SuperStream in your industry (UPDATE: These webinars are no longer publicly available).
MYOB AccountRight is a SuperStream compliant solution and starts from $77 per month. It enables employers to:
See how easy it is to stay SuperStream compliant with MYOB AccountRight.
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