Are you at risk?

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The Federal Government is cracking down on employers caught short-changing staff by failing to contribute the mandatory 9.5 per cent of employee earnings to a superfund of their choice.  The ATO analysis found that employees had likely missed out of $2.85 billion of their super guarantee payments during the 2014-2015 financial year, because employers didn’t meet their obligations (both intentionally and from uncertainty around obligations) with small business owners among the worst offenders.

Emma Koehn from Smart Company sums up how the latest reforms will change the ATO’s approach to businesses not complying with their superannuation obligations.

https://www.smartcompany.com.au/finance/superannuation/ato-stronger-powers-to-crack-down-on-unpaid-superannuation-heres-what-it-means-for-your-business/

If you require more information on your superannuation obligations, please contact our office on (03) 9744 7144 or email lynda@mcmahonosborne.com.au

 

 

 

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