A warm reminder that if the Super Amnesty affects you the final deadline for this is 7th September 2020.
OEligible disclosures will not incur the administration component ($20 per employee per quarter) or Part 7 penalty. In addition, payments of SGC made to the ATO after 24 May 2018 and before 11.59pm on 7 September 2020 will be tax deductible.
Please see this link for more information https://www.ato.gov.au/Business/Super-for-employers/Superannuation-guarantee-amnesty/
Don’t hesitate to reach out with any questions regarding this information or any other way we can assist you to firstname.lastname@example.org or complete the contact form with your query.
Anthony Kim and Peter Hassos