The Small Business Superannuation Clearing House is joining ATO online services. Find out what it means for your business.

Since the introduction of SuperStream in Australia, the Small Business Superannuation Clearing House (SBSCH) has provided small businesses and sole traders with an easy option to make SuperStream compliant contributions. On 26 February 2018, the SBSCH will join existing Australian Tax Office (ATO) services. This means that once you have finished updating your bookkeeping for the period in Cashflow Manager you will only have to visit one place to share your information with the ATO. You will be able [...]

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What every Small Business needs to know about SuperStream

What is SuperStream? SuperStream is a government initiative aimed at making the superannuation system more efficient. Under SuperStream, employers need to make super contributions on behalf of their employees by submitting data and payments in a consistent and simplified manner.   SuperStream is mandatory for: All employers making super contributions APRA-regulated super funds Self managed superannuation funds (SMFs) receiving contributions What are the benefits of SuperStream? Employers will have the opportunity to use a single channel when dealing with super funds, regardless of how many funds their [...]

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