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READ MOREATO flags super guarantee charge deadline
Employers that will struggle to pay an employee's minimum superannuation guarantee (SG) amount on time and to the right fund, must remember to pay the superannuation guarantee charge (SGC) this tax time, says the ATO.
“We understand that paying your employees’ super may sometimes fall by the wayside,” the ATO said. “But it’s important you know how to get back on track.”
Businesses that missed the due date or didn’t pay the correct amount of SG for the quarter just ended would need to lodge an SGC statement to the ATO by 30 May (as 28 May falls on a Saturday) to disclose any missed or late super. This included paying the SG charge to the ATO.
Read more at Accountants Daily
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