superstream Archives | Cashflow Manager

SuperStream for Employers – the final countdown

With the October 28 2016 deadline for the implementation of SuperStream looming, employees with 19 staff or less must act now. By that date, all employers must comply with SuperStream when making superannuation contributions to employees’ nominated accounts. Through SuperStream, employers do not need to make individual payments to every super fund to which their employees belong: they can simply make one electronic transaction. Small business accounting and payroll software such as Cashflow Manager GOLD and our latest version Wages Manager [...]

16/09/2016 By Jordan Taylor accounting, General, small business, SuperStream accounting software, bookkeeping, small business, superstream 0 Comments

SuperStream Compliance Date for Small Business Extended

The ATO has recognised that some small businesses need extra time to become SuperStream compliant. Because of this, the ATO has announced it will provide flexibility to small businesses that are not SuperStream ready until 28 October 2016. These businesses were previously expected to be SuperStream compliant by 30 June 2016. “The ATO will not be taking compliance action against businesses who miss the 30 June deadline and will continue to work to support them to get ready for SuperStream,” Says [...]

29/07/2016 By Kelly accounting, General, small business, SuperStream accounting software, small business, superstream 0 Comments

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 [...]

22/05/2016 By Jordan Taylor General, small business payroll software, small business, superannuation, superstream 0 Comments