Update Friday 13 November
A change to the law means that you may need to offer employees more choice in relation to the super fund that you pay their compulsory superannuation (super) contributions to.
All workplace determinations and enterprise agreements made on or after 1 January 2021 must give employees the right to choose their super fund.
Once a new determination or agreement is in place, you'll need to give a Superannuation (super) standard choice form to:
existing employees who request to choose their super fund
all new employees.
You must then pay employees' compulsory super to their nominated fund.
If an employee doesn't nominate a fund, you can continue to pay their super into the same fund you previously contributed to, or into your default fund.
All employees can nominate their chosen fund by completing the standard choice form through ATO online services linked to their myGov account.
Alternatively, you can give your employees a Superannuation (super) standard choice form.
Offer your employees a choice of fund
Superannuation (super) standard choice form
Source and credit: ATO.gov.au
We would like to welcome Alexandra Scarisbrick to our team.
Ali is working as a Junior Account and assists with Individual Tax Returns, BAS preparation and JobKeeper eligibility.
Ali has been working in tax consultancy since February 2020 and prior to that she was a business/office/project manager for small to medium entities both here and in London and moved to Australia 5 years ago. She is currently completing a Bachelor of Accounting.
We certainly love to support anything Australian and especially local. Our office is being utilised for a local shoot as part of a film production (details to follow soon) on Monday, 16 November 2020.
It will be business as usual at the front of office with all adminstration staff on duty.
All Accountants will be working remotely for the day and will be contactable via telephone, teleconference calls and email.
16 November Office premises closed but we are still contactable via telephone or email.
23 November 2020 October monthly BAS due
30 November 2020 September quarter SG charge statement due