Employer Superannuation

Research shows that many small business owners find superannuation to be anything but clear.  In fact, the whole topic of super is seen as both complex and frustrating.

As an employer you must make superannuation payments for your eligible employees.  There is a series of laws to consider when employing staff such as;

• Meeting Tax and Superannuation obligations
• Determining the status of your workers – full time, part time, or contractors
• Registering with the Tax Office for  Pay As You Go (PAYG) withholding
• If your business provides fringe benefits to employees then you need to pay Fringe Benefits Tax to the Tax Office.
• If your total Australian wages exceed the exemption threshold that applies in your state or territory then you must pay Pay-roll Tax.

Once you have considered all the above options there are several guidelines that you must meet in order to ensure your business does not accrued any penalties which can be an unnecessary expenses to your bottom line.

To review your superannuation make an appointment with a Blazer Wealth Financial Planner or contact us today on 1300 BLAZER.
 

 

Superannuation Appointment Form