What’s new in payroll Feb 2018

ATO Small Business Superannuation Clearing House (SBSCH).
Access to the clearing house through the ATO website has stopped from 19/2/18.
Access is now available through the ATO online services.

3 options to consider:

  • Move to the free clearing house in your accounting software – requires some set-up Xero, MYOB AccountRight,  MYOB EssentialsQBO
  • Continue to use the ATO’s SBSCH using the new platform. Requires some initial set-up
  • Contact your default fund and ask about whether they offer a free clearing house

Sick Leave
This one caught my eye this week. Are you unnecessarily paying your
employees sick leave for elective surgery of cosmetic procedures? Check this
out.
Here’s another dire warning from Fair Work.
A business owner who confessed to being “too busy and lazy” to keep adequate financial
records has been hit with penalties worth more than $43,000
“Proper record-keeping and the provision of payslips is essential to ensure
there is compliance with workplace laws,” deputy FWO president Michael Ardlie
said.

Lodgement Due Dates

Date Lodgement Dates to be reported
7 March State payroll tax Feb
21 March Monthly BAS and IAS Feb
7 April State payroll tax March
21 April Monthly BAS and IAS March
28 April Quarterly super guarantee Jan-Mar
7 May State payroll tax April
21 May Monthly BAS and IAS April
26 May Quarterly BAS (if lodged by tax or BAS Agent) Jan-Mar
28 May FBT Return 1/4/17-31/3/18

Fringe Benefits tax year finished 31st March.
If you provide benefits to your employees other than wages, you may be liable
for FBT. Please contact your tax accountant if you’re not sure.