There are harsh penalties for employers if the super is not paid on time. In addition to interest and penalties, the employer cannot claim a tax deduction for any payments made after the due dates. Read on...
The answer according to the ATO - you should keep records long enough to cover the period of review (also known as the amendment period) for an assessment that uses information from the record.
- Posted in Business Advice, Financial Planning, q4 financial, Tax & Accounting, Wealth Extraction
- by q4 financial
