Bookkeeping is a fundamental part of the financial process for any business. Without it, your accounting software has no data to work with. Keep reading for some tips to maximise your bookkeeping. Read More…
Are you paying your employees superannuation, on time, every time? If not, this will cost you money and will attract the attention of the
ATO.
In our last two Business Blog, we went through:
If you missed these posts, have a read to fill in any blanks.
So what happens when you pay your Super Guarantee late?
The ATO have significantly increased activity around Superannuation. The ATO have this information at their fingertips as all employers must pay superannuation via an electronic superannuation clearing house.
There are significant fines and penalties for not paying your employee’s superannuation on time and not lodging your report. The penalties can stack up the longer it takes to make the payment and lodge the required report. Here’s some of the penalties:
The list goes on. But we hope you get the point - pay the superannuation guarantee on time, every time and complete the required reporting, or things can get complicated and expensive!
WDF Professional can process super on your behalf, ensuring the right amount is paid on time for a low, fixed fee. Please feel free to get in touch with your WDF Professional contact or phone 02 6921 5444.
Director
Bookkeeping is a fundamental part of the financial process for any business. Without it, your accounting software has no data to work with. Keep reading for some tips to maximise your bookkeeping. Read More…
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