Time is running out to get ready for SuperStream!
SuperStream will become mandatory for employers in only 2 short quarters.
The deadline is the 30 June 2016.
It does take a little time to set up, but in the long run, it will reduce the time you work on super by an average of 70%. Below are some options for you to get ready on time:
- Upgrading your current payroll software
- Using your super fund’s online system
- Using a messaging portals
- Using a clearing house (like the ATO free Small Business Superannuation Clearing House)
You will need to gather important information from your Employee such as his/her Tax File Number as well as the super fund’s unique super identifier (USI). Once this information has been collected, you could enter it all into the new system before the next due date of the 28 January 2016. This would be a handy exercise to make sure everything is running smoothly prior to the deadline of 30 June 2016 and allow you to find solutions to any issues you may encounter.
You can find a handy step-by-step checklist for employers here.
Please feel free to contact e-BAS Accounts if you require any assistance with setting this up. We are only too happy to assist you. ?