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ATO: Employers SuperStream is mandatory by 30 June 2016!

13/1/2016

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​Time is running out to get SuperStream ready

With only two quarters left until SuperStream becomes mandatory, employers are being urged to cross SuperStream off their ‘to-do’ list ahead of the 30 June 2016 deadline.

It takes a little time to set up, but over a quarter of a million employers who have made the change are already enjoying (on average) a 70% reduction in the time they spend on super. That equates to approximately 1.5 hours each cycle! If you haven't done so already your options to get ready include:
  • upgrading your current payroll software - we recommend using Xero which has the add on 'Auto Super'
  • using your super fund’s online system - for example AustralianSuper has 'QuickSuper'
  • using a messaging portal - a gateway service normally provided for SMSFs
  • using a clearing house - like the ATOs free Small business superannuation clearing house.
​
For further details please click here.
Accounting with a personal touch ....
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