WebFair Work Australia have released a new initiative, offering small business owners free, tailored advice via the Employer Advisory Service (EAS). The EAS…
Super guarantee charge statement and calculator tool
Web28 mrt. 2024 · Simply speaking, where an employer fails to lodge a Superannuation Guarantee (SG) statement by the lodgement, or extended lodgement date, additional penalties will apply. The penalty applies for both employees and contractors and may be equal to double the SGC payable to the employer (i.e. 200% of the SGC). WebXero handles superannuation guarantee (SG) contribution rate increases and updates them for you. How it works Set up pay templates to include SG contributions Adjust contribution amounts Remove contributions from an employee's pay template temporarily What's next? You can also manually update SG contributions in an employee’s pay template. dining room virtual background
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WebAs the SGC amount needs to offset the employee's SG for Q3. Not sure if am on the right track, but a spend money would be the right way. Credit the bank accout and Debit would be a splitt entry, where late fee and interest charge goes against other employee expenses and the late SG paid is recorded against the superpayble liability. 0 1 REPLY WebMy understanding is that a SGC payment to the ATO is not deductible. I would use a 9 Category Other Expenses. Please talk to your Tax Accountant about this. I would obtain the Tax Accountant's instruction in writing. SG is clearly a tax deduction if paid within 28 days of the end of a quarter. Note SG is a tax deduction when paid not accrued ... Web27 nov. 2024 · You lodge a statement through the Business Portal by either: using the super guarantee charge calculator completing the super guarantee charge spreadsheet and sending it via the mail function. Significant penalties can apply if you don’t lodge a statement by the due date. WHAT IS A SUPER GUARANTEE CHARGE (SGC)? fortnite holo traffic set