Superannuation Reporting

 

 

Running a business and employing people involves superannuation obligations. Mizael Partners specialises in superannuation reporting ensuring all compliance is met for individuals and business owners.

 
 

Superannuation entities are required, under the Financial Sector (Collection of Data) Act 2001 and its reporting standards, to provide information to the ATO and APRA. The data is defined in the set of reporting forms and instructions.

All employees are covered by the superannuation guarantee legislation, whether they are full-time, part-time, or casual workers. This means that as an employer, you'll have to take certain steps during the employment process in order to meet your obligations.

We help Business owners and employers with the following:

  • Recording and paying super contributions for eligible employees before they are due

  • Paying at least the minimum 9.50% contribution amount of the earnings base

  • Check if any employees are eligible for a choice of super fund

  • Provide eligible employees with a standard choice form

  • Pass on employee tax file numbers (TFN) to their super fund within 14 days of receiving a TFN declaration form (if you don't make contributions during that period, you can provide the tax file numbers when you make the contributions)

  • Pay super contributions for any eligible contractors

  • Keep records of super contributions payments and that a choice of super fund has been offered to eligible employees.

New ATO Law

New law - From 1 July 2019 superannuation providers will be required to report and pay inactive low-balance accounts to the ATO.

Why choose Mizael Partners?

Mizael Partners have been providing superannuation reporting services for businesses since 2002. We specialise in ensuring all financial records accurately reflect the position of an individual or organisation. We make sure that all statements and records are compliant with Australian Accounting Standards or International Accounting Standards, Australian Charities and Not-for-profits Commission (ACNC) and the Australian Securities and Investments Commission (ASIC) where required. We also have regular training sessions for our staff to ensure that they are up to date with all the changes in taxation, Accounting Standards and other regulations.

Contact us

To speak to one of our accredited accountants call us on (03) 8821 6868.