Sunshine Coast and Brisbane Accountants - Clarke McEwan Accountants and Business Advisorrs
Sunshine Coast and Brisbane Accountants - Clarke McEwan Accountants and Business Advisorrs

Your December quarter superannuation guarantee contribution is due soon

Clarke McEwan Accountants

Your Selected Media

Your December quarter superannuation guarantee contribution is due soon

Prepare now for your quarterly superannuation guarantee (SG) contribution lodgement and payment.

Things to review before finalising the quarterly superannuation lodgement:

  • Have you allocated all payroll related bank transactions to the correct accounts?
  • Have you checked for errors such as duplicate pay runs?
  • Have you checked that all payroll categories used this quarter have had super correctly applied or excluded?
  • Have you checked superannuation accrual reports for accuracy?
  • Do you have any salary sacrifice amounts to include?
  • Have you had to make any termination payments this quarter? If so, check which payroll categories have super calculated or exempted.
  • Do you have complete and up-to-date contact details and a super choice form for all employees?

Most superannuation clearing houses (including SuperStream compliant software companies) require payment by the 14th of the month in order to distribute the funds to the relevant super funds for each employee.

If you use the ATO Small business Clearing House (SBSCH) you have until the 28th to lodge and pay.

Checking the figures thoroughly each quarter ensures that you report and pay accurate amounts for each employee. You will also have a more accurate picture of your superannuation liability and be able to plan accordingly.

Penalties for late super can be severe. Superannuation calculations can be difficult if your payroll software is not set-up for correct accruals of superannuation guarantee.

We can help you review of your super set-up and the SG accounts used in your accounting software.

Inspirational podcasts for your business
By Clarke McEwan January 30, 2025
Podcasts are the new radio but for many business owners, there are often not enough hours in the day. Here are 9 to educate, entertain and inspire your next business move. #smallbusiness #podcasts #businessaccountants #sunshinecoastbusiness #brisbanebusiness
Selling your business: what happens once you exit?
By Clarke McEwan January 27, 2025
You’ve sold your business! But what happens now!? We’ve outlined five potential pathways your post-sale life could take, and how they help you find new goals and lifestyles. #exitstrategy #sellingup #businesstips #brisbanebusiness #sunshinecoastbusiness #brisbane #sunshinecoast #maroochydoreaccountants #brisbaneaccountants
Business tips: Using forecasting to help your decision-making
By Clarke McEwan January 21, 2025
A crystal ball would be handy in business. Good-quality forecasting can be just as useful, giving you an informed view of the future of your business and finances. #forecasting #business
Happy New Year
By Clarke McEwan January 21, 2025
Happy New Year to our clients! Wishing you a very prosperous 2025 with time to focus on the things that matter most to you! #HealthWealthHappiness #2025
Five big business challenges for 2025
By Clarke McEwan January 8, 2025
What are the five big challenges your business will face in 2025? We’ve summarised five of the most significant external factors that could affect your business. #2025 #externalthreats #businesstips
By Clarke McEwan December 22, 2024
Happy Christmas! We wish you a happy Christmas and very well deserved end-of-year break. We are grateful for the opportunity to work with you and be a part of your business journey. It has been another year of hard work and challenges for our clients. We hope you will be able to take some time at Christmas to connect with family and friends to recharge and relax. Our office will be closed from Friday 20 January 2024 and reopening on Monday 6 January 2025. From all of us at Clarke McEwan Chartered Accountants and Business Advisors
More Posts
Share by: