Is your business SuperStream compliant yet?
The ATO has announced that it will extend the SuperStream deadline for small business until 28 October 2016.
The ATO will not be taking compliance action against small businesses who miss the 30 June deadline and will continue to work to support them to get SuperStream ready.
What is SuperStream?
Employee superannuation guarantee contributions must now be sent electronically to super funds. Options include using a SuperStream compliant payroll system (such as Xero or MYOB), a super funds online system, a super clearing house like the free ATO’s Small Business Super Clearing House for businesses with less than 20 employees and businesses with an annual aggregated turnover of $2 million or less.
Small businesses that need help with their SuperStream preparation can use the ATO’s employer checklist or register for a webinar.
