Further Scrutiny on Super Guarantee Compliance | North Advisory

We'd love to help you build a successful business and grow your personal wealth. Get in touch to book a free consultation.

    Further scrutiny on super guarantee compliance

    Posted by Northadvisory on September 5, 2017

    Recently, the ATO announced that they will be putting further resources behind ensuring employers meet their superannuation guarantee obligations.

    This recent announcement comes before the start of Single Touch Payroll reporting, which is due to commence next year for employers with over 20 staff.

    These additional resources include sophisticated analytical programs to predict the amount of superannuation you should be paying to employees and some contractors.

    We recommend that, where you are employing a substantial amount of labour hire and subcontractors, that your super obligations are subject to a full internal review.

    Our firm would be delighted to assist you in making sure your super guarantee obligations are in accordance with the law. Significant penalties can apply for non-compliance.

    Please contact us for further information. Read more Superannuation articles.

    Martin van der Saag
    T: 02 9984 7774
    E: martinv@northadvisory.com.au
    Norman Ruan
    T: 02 9984 7774
    E: normanr@northadvisory.com.au