SMALL BUSINESS EMPLOYERS

Are you using a superannuation clearing house for your employees superannuation payments?

As of 28 October 2016 all small business superannuation payments to employees superannuation funds need to be made via a superannuation clearing house. There are a number of providers of clearing house facilities however if you are a small employer with less than 20 employees you are able to access the free Australian Taxation Office (ATO) clearing house facility. A superannuation clearing house is where you make as an employer the payment of your employees superannuation, the superannuation clearing house then pays the money into your employees superannuation funds. 
 
Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.