Super payments are only considered to be paid for the purpose of claiming a tax deduction once they are received by the superannuation fund, not the date they are accepted by the Small Business Superannuation Clearing House (SBSCH).
To ensure you claim a deduction for the 2019-20 income year superannuation funds need to receive your employees’ super funds before 30 June 2020. Therefore payments need to be accepted by the SBSCH by 23 June 2020.
See below for link which explains this in more details:
Please contact our office 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.
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