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Are you on top of your obligations as an employer with the Australian Taxation Office (ATO)? Here are some reminders for paying super for your employees: * The super guarantee rate you pay your employees increased this financial year to 11.0%. * Most employees are eligible for super and some contractors, too. Check your employment contract and working arrangement for each worker to work out if you have to pay super. * If you have a new employee and they don’t choose a super fund, request their stapled super fund from the ATO. * Quarterly super payment dates for the rest of the calendar year are 28 April, 28 July and 28 October. * You need to lodge a super guarantee charge statement and pay it to the ATO if you miss super payments by even one day. If you don’t lodge the charge statement, you may face penalties.
#accountant #tax #business |