SuperStream Deadline Approaching!
The new way of processing Superannuation Payments is almost here. Are you ready?
In its bid to streamline the processing of transaction for superannuation funds, the ATO has introduced SuperStream.
The main aim of SuperStream is to ensure employer superannuation contributions are paid in a consistent, timely and efficient manner.
The key component of SuperStream is that it is compulsory to make your superannuation contributions online with products that are SuperStream compliant.
The easiest way to become SuperStream compliant is to use software in your business that enables electronic super payments.
When does my business need to become SuperStream compliant?
If you are running a business with 19 or less employees, you have until 30 June 2016 to be making your employer superannuation contributions electronically.
If your business has 20 or more employees your cut-off date was 1 November 2015 so you will need to start making these electronic payments ASAP!
How we can help you
If you’re not sure if your business is SuperStream compliant let us know and we can do an assessment for you.
We can also help you implement Xero, an online accounting software, into your business so you can easily make SuperStream compliant superannuation payments for your employees.
Contact us today
If you’re ready to discuss becoming a client, click here to request an appointment.
If you’re not quite ready for that, dip a toe in the water and read our blogs & like us on Facebook and get a feel for how we help our clients beyond their tax and accounting to help them build and protect their wealth.
We are also offering a free 15 minute initial consultation for new clients. Please call (03) 9583 0550 to schedule your consultation today.
About Lan Nguyen
Lan is the Founder and Chief Strategist at Success Accounting Group, Melbourne based CA firm. In a matter of short 8 years she has built up a reputable Chartered accounting firm with 3 offices and a team of 6 professional accountants and support team members. Her mission is to provide Innovative and Strategic Financial advice to help her customers make smarter financial decisions today for a brighter future.
Success Accounting Group is for established business owners who would like help to grow a sustained business. As a business owner you understand what drives your business success with our accounting team taking care of the rest.
Success and Wealth
Success Accounting Group Pty Ltd
Oakleigh, VIC, 3166
