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‘Just days left’ until crucial compliance deadline

Approximately one quarter of small businesses are risking non-compliance and are not yet on board with SuperStream, and the ATO has warned that it will not grant any further extensions.

Tax&Compliance Katarina Taurian 18 October 2016
— 1 minute read

The SuperStream deadline for small employers is 28 October, extended from the original 30 June deadline this year.

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This means businesses with 19 or fewer employees have just one super guarantee payment date left.

“The ATO is pleased that more than 75 per cent of small businesses are already SuperStream-compliant; however, there is still a way to go to ensure everyone has made the switch,” said ATO assistant commissioner Nicole Dykstra.

“If small businesses haven’t adopted SuperStream by the deadline, they are at risk of being non-compliant.

“The ATO provided a four-month period of compliance flexibility for small businesses that were unable to meet the original 30 June deadline; however, we will not be granting any further extensions for businesses who have not implemented SuperStream.”

Last month, a survey by MYOB found there was confusion in the marketplace about SuperStream.

“The ATO has announced big changes for SMEs. SMEs are telling us they are confused and unaware of the deadlines set against them,” said James Scollay, general manager of SME solutions at MYOB.

 

‘Just days left’ until crucial compliance deadline
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Tax&Compliance