Super is due now for staff (including owners and their families)
– the updated to Single Touch Payroll (STP) for closely held employees means annual payruns declared in June are no longer ok, quarterly is the new minimum frequency and super will be due and payable along with arms length employees.
July-Sept super contributions must be received (by fund) by 28th October.
Don’t forget to check that all super has been accrued at 10%.
Authorise payments right now as it can take several days to process.
Late payments of superannuation are not tax deductible.
