The ATO have recently granted an extension of time for small businesses to get themselves SuperStream ready. The original deadline of 30 June 2016 has passed with many businesses now enjoying the time-saving benefits of using a SuperStream solution. For those businesses who have not yet implemented a SuperStream solution we encourage you to act now. You have until 28 October 2016 to meet your obligations.
There are a number of options a small business can choose to implement SuperStream:
- using a payroll system that meets the standard
- a super fund’s online system
- a messaging portal
- a super clearing house like the ATO’s Small Business Super Clearing House (SBSCH) which is a free, optional service for small business with 19 or fewer employees, as well as businesses with an annual aggregated turnover of $2 million or less.
Blackburn Prior can provide expert SuperStream advice including assisting you with implementing one of the solutions listed above. Contact us now
More information about the ATO's extension can be found on the Small Business Newsroom website.