Account Keeping Plus – Administration, Bookkeeping, Compliance News & Tips MYOB Reckon Quickbooks Xero Software TrainingSmall Business

Making Business Books and Accounting Come Alive! MYOB Reckon Xero

Cash Flow Tips – Future Super Payments

Leave a comment


 

Cash Flow Tips – Future Super Payments

Cash Flow Tips – Future Super Payments

The effect of one of the Government’s requirements for superannuation into the future is that all employers may eventually have to use an “approved” superannuation clearing house to make the payments for employee superannuation.

You may be aware of one of the clearing houses in use currently –  the Medicare Superannuation Clearing house (for less than 20 employees) and MYOB M-Powered Super and there are other commercial offerings now.

From 1 July 2014 it is proposed that employers with more than 20 employees MUST use the clearing houses.

From 1 July 2015 all employers.

There is a long way from this working so keep an eye out for developments.

From the ATO – http://www.ato.gov.au/superfunds/pathway.aspx?sid=42&pc=001/149/032&alias=datastandards

Advertisements

Author: accountkeepingplus

Administration, bookkeeping and compliance for small business, Training, trouble-shooting, or we can do the books and payroll for you! Self Managed Superannuation Fund Service Provider, free support MYOB Certified Consultant, Reckon/QuickBooks Professional Partner.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s