Remitting employee super payments when there is insufficient information

As an employer you are obliged to pay your employee their wages, remit their PAYG Withholding to the ATO as well as remit superannuation payments to their superannuation fund accounts.

In an ideal world, on the first day your employee starts work with you, they would complete their forms including a Super Choice Form informing you their superannuation fund account details for you to remit superannuation payments.

What if your employee did not provide enough information for you to remit superannuation payments, and the amount is due to be paid?

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Employee or Contractor – Myths and Facts

The following examines some common misunderstood rules around the employee vs contractor situation.

 

Myth: I have an ABN so I am a contractor.

You may have an ABN but that does not make you a contractor.

Fact: The ATO has various checks to ensure business owners are treating their staff/contractors correctly.

To put it simply, the ATO will look at the work arrangement and the way the payments were calculated etc to determine whether one is an employee or not.

 

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Maximize your motor vehicle tax deduction

Are you always on the road for work?

Whether you are an employee or a business owner, at some point of your career you may require use of your vehicle for work/business purposes to travel between office/work sites. You may be eligible to claim your car expenses in your tax return.  But…

Have you wondered what you can do to maximise your motor vehicle tax deduction?

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