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.
Ian Gillard
supported this idea
·
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.