The Australian Tax Office has given small businesses an extension on SuperStream obligations from 30 June 2016 to 28 October 2016.
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)
The SBSCH is a free service for small businesses with 19 or fewer employees as well as those with an annual turnover of $2 million or less.
Please contact Personalised Tax Services if you would like some assistance with this.