The ATO is taking a tougher approach to Superannuation Guarantee (SG) non-compliance.
"[In the past], when the ATO audited an employer to check whether they had SG obligations, it would almost be like a self-correction so their view was that if the employer paid it and fixed it up then it would be okay. Now when they audit employers, they're applying the full suite of penalties," said Insyt chief executive Darren Wynen.
Audits may continue if the employer cannot provide evidence that they have also met their obligations for the last quarter.
Challenging these assessments can be extremely costly, so businesses need to ensure they are satisfying their SG obligations.
To make sure you are satisfying your SG obligations, contact Perrier Ryan today.
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