Strict Standards: Declaration of thesis_comment::start_lvl() should be compatible with Walker::start_lvl(&$output, $depth = 0, $args = Array) in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/comments.php on line 0

Strict Standards: Declaration of thesis_comment::end_lvl() should be compatible with Walker::end_lvl(&$output, $depth = 0, $args = Array) in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/comments.php on line 0

Strict Standards: Declaration of thesis_comment::start_el() should be compatible with Walker::start_el(&$output, $object, $depth = 0, $args = Array, $current_object_id = 0) in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/comments.php on line 0

Strict Standards: Declaration of thesis_comment::end_el() should be compatible with Walker::end_el(&$output, $object, $depth = 0, $args = Array) in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/comments.php on line 0

Strict Standards: Redefining already defined constructor for class thesis_favicon in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/favicon.php on line 12

Strict Standards: Redefining already defined constructor for class thesis_loop in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/loop.php on line 15

Strict Standards: Redefining already defined constructor for class thesis_custom_loop in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/loop.php on line 236

Deprecated: register_sidebar_widget is deprecated since version 2.8.0! Use wp_register_sidebar_widget() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Deprecated: register_widget_control is deprecated since version 2.8.0! Use wp_register_widget_control() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Deprecated: register_sidebar_widget is deprecated since version 2.8.0! Use wp_register_sidebar_widget() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Deprecated: register_widget_control is deprecated since version 2.8.0! Use wp_register_widget_control() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Deprecated: register_sidebar_widget is deprecated since version 2.8.0! Use wp_register_sidebar_widget() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Deprecated: register_widget_control is deprecated since version 2.8.0! Use wp_register_widget_control() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Notice: Undefined index: activated in /home/leenane/public_html/wp-content/themes/thesis_18/lib/functions/launch.php on line 21

Strict Standards: Non-static method thesis_head::build() should not be called statically in /home/leenane/public_html/wp-content/themes/thesis_18/lib/html/frameworks.php on line 10

Notice: Undefined index: template in /home/leenane/public_html/wp-content/themes/thesis_18/lib/functions/multimedia_box.php on line 6

Notice: Undefined variable: conditional_styles in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/head.php on line 192
ATO lifts the bar on Super

Notice: Undefined variable: page_template in /home/leenane/public_html/wp-content/themes/thesis_18/lib/html/content_box.php on line 12

Notice: Undefined variable: page_template in /home/leenane/public_html/wp-content/themes/thesis_18/lib/html/content_box.php on line 18

Notice: Undefined variable: page_template in /home/leenane/public_html/wp-content/themes/thesis_18/lib/html/content_box.php on line 20

Notice: Undefined index: url in /home/leenane/public_html/wp-content/themes/thesis_18/lib/functions/post_images.php on line 32

ATO lifts the bar on Super

November 1, 2013
Notice: Undefined variable: show_comments in /home/leenane/public_html/wp-content/themes/thesis_18/lib/functions/content.php on line 117

The ATO has indicated that it will commence sending out initial notices to employers about unpaid superannuation obligations.
 

Failing to meet superannuation obligations will generate significant penalties for employers. In addition to interest and administrative penalties, employers lose the tax deduction that would normally be available for superannuation payments made on time.
 

The total cost to businesses found to have underpaid their super or paid it late can be substantial. The ATO has no discretion to waive or reduce these penalties.
 

Recent changes to superannuation legislation also means that company Directors may be held personally liable for any unpaid superannuation contributions and the associated interest and administration charges.
 

The ATO has regularly undertaken reviews of superannuation in the past.
 

Penalties have greatly contributed to revenue for the ATO and with the increased resources now to be provided to the ATO by the Government it is likely the number of these reviews will be increased.
 

Considering the potential financial penalties and increased scrutiny, it is essential that employers take the opportunity to review their internal systems and ensure that superannuation payments are being made correctly, consistently and in a timely manner.

 

If you are a business owner and are unsure about your Superannuation responsibilities, contact our office today!


Deprecated: link_pages is deprecated since version 2.1.0! Use wp_link_pages() instead. in /home/leenane/public_html/wp-includes/functions.php on line 4862

Notice: Undefined variable: user_ID in /home/leenane/public_html/wp-content/themes/thesis_18/comments.php on line 16

Notice: Undefined property: thesis_comments::$comments in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/comments.php on line 30

Notice: Undefined property: thesis_comments::$linkbacks in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/comments.php on line 46

Previous post:

Next post:


Strict Standards: Non-static method thesis_javascript::output_scripts() should not be called statically in /home/leenane/public_html/wp-content/themes/thesis_18/lib/html/frameworks.php on line 22

Notice: Undefined variable: output in /home/leenane/public_html/wp-content/themes/thesis_18/lib/classes/javascript.php on line 79