Employee Super Guarantee

Employers are facing increasing pressure from the Australian Taxation Office (ATO) to comply with obligations and make Employee Super Guarantee Payments on time, every time.

Employers need to be aware of their obligations and make sure they have systems in place in order to remain compliant.

Please mark these important dates in your diary:

Quarter Period Payments Due SG Charges Date (penalties)
1 1 July- 30 September 28 October 28 November
2 1 October- 31 December 28 January 28 February
3 1 January- 31 March 28 April 28 May
4 1 April- 30 June 28 July 28 August

 

Innocent oversights will attract the same penalties as deliberate non-compliance. In the future, there will be little leeway for businesses failing to make the required payments by the due date. Your business could face hefty fines for failure to comply with your obligations.

For more information please visit the ATO website or contact our team for business advice and support in relation to superannuation.

 


Yield Business Advisory

Yield Business Advisory has a team of qualified experienced professionals to guide clients through the many challenges they may face.

We offer comprehensive business advice and financial solutions, and can assist in the following areas:

  • Business and product profitability reviews
  • Analysis of key performance indicators
  • Analysis of industry benchmarking
  • Assist with the purchase and sale of a business
  • Bank finance and funding reviews
  • Employer obligations
  • Business restructuring
  • Strategic planning
  • Asset protection strategies
  • Business valuations.
  • Family and business succession and estate planning

Contact us today to see how we can help you and your business.

Phone: 08 8562 4332
Email Yield Business Advisory