mistake super fund

83447557

it is busy in the morning  login Superannuation guarantee charge statement, then realise made a big mistake.
we do not spend any money on micro pay since 2005, so most thing has to be manual.it is my fault, i can authorise the payment, but I want save company some money.
mistake 1, my boss has salary sacrifice, but I did not take  off from gross salary on 2011 group certificate, luckly the person carry a lose investment, he still had full refund from ATO
2, no money in company,so I did not pay my boss's super for 2010/2011, but I re- paid on jun 2012, which coursed me to login above statement.it is not mistake.
3, I did not login super statement for 2010year , which around $12k I repaid on Jun '12 as well, if ATO will find out? anybody know?????(as 2010 year our audit did not point out this)

vivien75

"I did not login super statement for 2010year , which around $12k I repaid on Jun '12 as well, if ATO will find out? anybody know?????"

your company super seems in very complicated situation, what you meant by login super statement for 2010?

83447557

as company has to pay staff's super, but we has cash flow problem.
we did not pay my boss's own  super fund , which I am manage as well. I paid all other staff.  for 2010's super I later paid 2years later without super guaranteen form.
I just do not want this come back hunt me later....

as ATO request see below
don't pay enough super contributions (at least 9% of ordinary time earnings) for your employee - this is called a super guarantee shortfall
don't pay super contributions by the quarterly cut-off date for payment
don't pay super to your employee's chosen super fund - this is called a choice liability.
The super guarantee charge is made up of the super guarantee shortfall amounts (including any choice liability), interest at 10% per annum, and an administration fee of $20 per employee per quarter.
Also, your business might lose the tax deduction it would normally get. The super guarantee charge is not tax deductible and neither are most late payments.
What you must do
You'll have to:
complete a Superannuation guarantee charge statement - quarterly
work out the amount of super guarantee charge to pay
pay the super guarantee charge to us by the due date for the relevant quarter.

The best way to do this is to use the online Superannuation guarantee charge statement and calculator tool. You can use it to calculate your super guarantee charge liability and prepare the super guarantee charge statement to be lodged with us.
If you've paid a late contribution
If you pay a super contribution to a super fund after the cut-off date, you may be able to use this late payment as an offset to reduce the amount of super guarantee charge you pay. You must still lodge a Superannuation guarantee charge statement - quarterly and pay the balance of the super guarantee charge.

vivien75

1) if ATO has already noticed that you had shortfall in SGC, you need lodge super guarantee charge form with payment, penalty and interest, and importantly you need pay all of this amount to ATO instead of super fund, otherwise they will not offset your liability
2) if you paid super late but paid to super fund before ATO found it out, then you don't need worry about
3) if you pay SGC plus all interest and fees for 2010 to ATO, it is necessary to provide the super guarantee charge form as well, otherwise ATO will ask for it and not accept your money to offset your liability

83447557

thanks Vivien,

海培

+1

banzhiyan

mark

ayuanx

You've really got to work on your GRAMMAR.

83447557

Thanks,
If you have time, please re-write for me, so I can learn and improve

中魂子

看了LZ写的，没搞懂啥意思，看了后来看了COPY上来的ATO LETTER，看懂了。

1. 楼主，你说你忘记把BOSS的SALARY SACRIFICE AMOUNT 从 payment summary里面减去，那你们的accounts里面是什么样子的？你们公司的accountant 难道没有发现？ 如果你reconcile了的话，就说明accounts 里面也没有显示salary sacrifice. 你到时候做payment的时候小心别搞错了，一不小心就把该还给super的钱直接给你老板了。

2. ATO 是怎么发现的? 你有没有计提superannuation liability? 做return的时候，unpaid super is non-deductible. ATO很容易就发现了。

3. where to login the SGC statement?

83447557

1. 楼主，你说你忘记把BOSS的SALARY SACRIFICE AMOUNT 从 payment summary里面减去，那你们的accounts里面是什么样子的？你们公司的accountant 难道没有发现？ 如果你reconcile了的话，就说明accounts 里面也没有显示salary sacrifice. 你到时候做payment的时候小心别搞错了，一不小心就把该还给super的钱直接给你老板了。
because we used old 2005system.  the payment was correct, just did not show in Group certificate.  hope ATO will not audit him.  our audit did not find out too, when I do this year group certificate realised last year's mistake.


2. ATO 是怎么发现的? 你有没有计提superannuation liability? 做return的时候，unpaid super is non-deductible. ATO很容易就发现了。
Audit take care of return.  in 2010 we had some situation, I transfer the unpaid super /sacrifice  to my boss's loan account. because my boss is over 65, boss can withdraw the funds form super. we always has no $$. the audit  did not say anything. so I stiupid think it is ok.  therefore  I did same for 2011 year. then audit say NO

3. where to login the SGC statement?
you can login in 4years . in #1 I had big head, I do not know what I am saying, I were worry.....and upset why I made such mistake....
go to ATO web size click business---super ---you will find information ....