Cpa Australia Podcast

Payday super checklist

Informações:

Synopsis

Payday super is one of the most significant payroll changes in years, and businesses need to act now to be ready.  This episode is like a checklist, breaking down what the shift to real-time super payments means in practice, how compliance will work and what employers should be doing before the July deadline.  Key learnings:  What payday super actually requires beyond more frequent payments  How the seven-day contribution rule will affect payroll processes  Why cash flow planning is critical under the new system  How to prepare payroll systems and work with providers effectively  The risks of incorrect employee super fund data and how to fix it  What changes from ordinary time earnings to qualifying earnings mean  How the ATO will approach compliance in the first year  Key actions for businesses using clearing houses before they close  What high-balance super members should consider ahead of new tax rules  If you handle payroll, finance, or busines