Don’t Fall Behind on Superannuation: Stay Compliant and Avoid Penalties

As a small business owner, staying on top of superannuation is more important than ever. With Single Touch Payroll (STP) in place, the ATO is instantly alerted to how much superannuation is due for your employees. This means that late payments can no longer fly under the radar, and the consequences can quickly add up.

Key Superannuation Lodgement Dates:

• Quarter 2 (Oct–Dec) Superannuation is due by January 28
• Quarter 3 (Jan–Mar) Superannuation is due by April 28

💡 What happens if you’re late?

• You’ll incur the Superannuation Guarantee Charge (SGC), which includes the unpaid super amount, interest at 10%, and an administration fee of $20 per employee, per quarter.
• These penalties are not tax-deductible, making it even more costly for your business.

To avoid falling behind, it’s critical to ensure that super is paid on time and accurately. Partnering with us can help you stay compliant and on top of your payroll obligations, ensuring you avoid unnecessary penalties and stress.

Let’s keep your business running smoothly by taking the stress out of superannuation and payroll management.

Reach out today and let us help you stay ahead of the deadlines!