Some planning and preparation will help you get ahead of the game with SuperStream this EOFY.
The Government has cracked down on superannuation in this year’s budget to reduce the use of the superannuation system as an investment vehicle.
The deadline for implementation of SuperStream is fast approaching. From 1 July, all businesses with employees will need to comply.
Does your business have 20 or more employees? Read here for more about your SuperStream obligations.
The fіrѕt рrіоrіtу іѕ to hеlр employers understand and соmрlу wіth their obligations undеr SuреrStrеаm.
It’s a good time for business owners to review their operating structure, prepare for SuperStream and plan for the next 12 months.
Philip Hind, ATO SuperStream National Program Manager, popped into our studio recently. He took the time to answer some of the more common SuperStream questions that pop up, including these two that will be of special interest to accountants and bookkeepers:
The end of the financial year is upon us. With just a handful of weeks to go until the next financial year begins, the planning is already underway. For many businesses this is the busiest time of the year – even beating out public holidays and the Christmas season.
A recent poll I ran with accountants regarding SuperStream preparedness suggested there’s a fair amount of client education yet to be done. A quarter of respondents had yet to reach out to their larger clients, while a similar number hadn’t begun thinking about it yet.