Superannuation - Automatic reminder to submit SGC Statement
For businesses who have missed the cut off for lodging superannuation guarantees to the clearing house by the 28th day of the month following end of the quarter, it would be really helpful to have a system-generated reminder to submit their Superannuation Guarantee Charge Statement and penalty payment before the 28th day of the following month. Many businesses are not aware of this penalty, nor the due dates to submit the required report and payment (including obtaining the need to obtain a Payment Reference Number) to the ATO. Would be great to have this reminder in place to avoid unnecessary penalties and support compliance with superannuation law.
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Renee Padberg commented
I also want a report we can run to show all the late super payments and also mark off once the SGC forms have been completed.
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Ian Gillard commented
28 days after the end of each quarter unpaid SG triggers an obligation to lodge a SG Return. The superannuation liability should become a SG Tax liability & the super liability should be reduced by the appropriate amount.
Even if paid later SGR lodgment obligation still exists under Tax Law.
At year end Xero should be reviewed [automation would help] for any super liability that may have generated a SG Return obligation.
It would save a lot of employee confusion if a report for each employee was available to explain how their super was being handled.
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Kim Cameron commented
If possible would be handy to be able to produce a report that has the information required for filling in the SGC statements OR a direct filing to the ATO for the quarter statements required if paid late or not paid