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The SuperStream deadline is approaching

The SuperStream deadline is approaching

If you’re an employer you need to be aware that from 1 July you must use SuperStream when paying your super.

So, if you’re not already paying super using SuperStream it’s important you get started because your next quarterly payment must be made using SuperStream if you make payment after 1 July.

What you need to do:
There are a number of options you can choose to implement SuperStream. Depending on what works best for your business you can choose to use:

› your super fund’s online system
› a clearing house
› a payroll system that is SuperStream ready
› a messaging portal.

If you are using Xero or an updated version of MYOB or Quickbooks they will be SuperStream ready but we recommend you jump on and ensure that all the information has been entered in a way that it will happen seamlessly.

The ATO also offers the Small Business Superannuation Clearing House as a free online service that you can use. If you are already using this service you can rest easy that you are SuperStream ready.

For a handy ATO checklist click here or check out the video below. If you’re stuck, stressed and just want us to sort it out for you then email linda@byata.com.au with Quote for Superstream as your subject matter and we’ll take a peek in your file and let you know how much it will cost for us to get you sorted.

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