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ATO clears up FAQs about Single Touch Payroll
GST reporting: common errors and how to correct them
LRBAs, guarantees in need of review after property market falls
Victorian Property Valuation Cycle
Australia - toward EOFY 2019
Australian Taxation Office (ATO) expects 200,000 to miss out on refunds by failing to lodge
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ATO set to issue excess super contribution determinations
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Single Touch Payroll (STP) is compulsory for all small businesses.
Federal Budget 2019 - Overview
How the 2019 Federal Budget affects you
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GST collection on overseas goods at 300% of forecasts
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New quarterly STP reporting method for closely held payees revealed
Some Australian figures to help on Budget night.
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Resources to help understand and implement Single Touch Payroll (STP)
Big fines, prison on the cards as new SG penalties introduced
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FBT Exemption for Various Work Vehicles
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Superannuation Amnesty – Maybe! Maybe Not!


       


 


An amnesty to allow unpaid superannuation to be reported and paid without penalties has hit a big snag.


The amnesty announced in May 2018 lasting for 12 months was concessional in allowing employers to catch-up unpaid compulsory superannuation with reduced penalties.


However, the legislation has not passed and will not be considered until Federal Parliament next meets in mid-August.


If you do want to use the amnesty, be aware it may not become law.  And extensive wages details need to be provided proving the calculation of unpaid super – possibly a significant time by your pay office (or yourself).


 


 


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21st-September-2018

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