Superannuation Guarantee Amnesty Ends 7 September 2020
Do you need to apply for the superannuation guarantee amnesty? If yes, you need to act now.
If you have unpaid super to your employees, you must apply for the amnesty no later than 7 September 2020 to avoid incurring penalties or paying administration fees.
To be eligible for the amnesty you will need to meet the following criteria
Have unpaid super between 1 July 1992 to 31 March 2018.
Have not been informed the ATO is examining or intends to examine your SG obligation for the above period.
You have not already advised the ATO of the shortfall.
You must lodge your application no later than 7 September 2020
You will be able to claim a tax deduction for the super amnesty amounts paid to the ATO by 7 September 2020.
Click Here for Further Information
https://www.ato.gov.au/business/super-for-employers/superannuation-guarantee-amnesty/#Superguaranteeamnesty
Please contact our office urgently if you require assistance on (02) 8543 6800.
