As an employer you are expected to correctly calculate and pay the super guarantee for your employees' wages. Wages are defined as Ordinary Time Earnings (OTE) and include a host of allowances and benefits you may be paying your employees. This is an area of close scrutiny by ATO and a failure in this area could attract penalties of up to 200%. Recent cases and ATO scrutiny has also highlighted the need to evaluate your contractor arrangements. If your contractors fall in the definition of deemed employees, then you need to ensure that you comply with all employee entitlements for them as well.
We can help you understand and fulfil your obligations in this complex and emerging area of tax compliance.
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