I want to alert you to the pain and expense of making late superannuation contributions for your employees, or not paying them at all. There have been recent changes to the way the ATO applies penalties when superannuation contributions are paid late, and I want you to be aware of the significant expense that can result.
Superannuation contributions must be received by the superannuation fund within 28 days of the end of a quarter. There is a common misconception that superannuation contributions must be paid by the employer by the 28th day after the end of the quarter. This is not correct. It is the date of receipt by the superannuation fund that is critical.
Superannuation contributions must be received by the superannuation fund within 28 days of the end of a quarter. There is a common misconception that superannuation contributions must be paid by the employer by the 28th day after the end of the quarter. This is not correct. It is the date of receipt by the superannuation fund that is critical.
Services
Our business is to assist clients in establishing an appropriate investment structure for their individual needs, by providing "real time" advice and quality service. We aim to assist clients establish the appropriate investment structure for their individual needs, by providing "real time" advice with quality service.
We can get involved at any stage - from starting fresh, to taking over from your in-house bookkeepers and accountants when required. This keeps your records accurate, up to date and processed with minimum disruption to your business. We also can assist by implementing a system of bookkeeping that suits your business and keeps costs under control.
Below are some of the useful free calculators supplied by MoneySmart, an information based government website run by ASIC. Nick has a rare skill set in the accounting and structuring world. He takes something complicated and brings it back to first principles so that it is understandable to the non-accountant.
Strategic Wealth Management (SWM) has an experienced team of staff that are well trained in the field of Self Managed Super Fund establishment & administration. We have a wealth of experience in this field and can assist to ensure that you have the correct structure right from the start. The team at SWM will guide you through the compliance maze and will assist you and your clients to navigate through all the issues.
As the original accounting office for small business, we know that ease, access and accuracy are key for small business owners. That's why we recommend Xero accounting software. A better way to work together - You can share access to your latest business numbers with your team and us as your accountant - so everyone is up to speed.
Reviews (5)
Peter Williams
Jan 19, 2022
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Dan Biner
Feb 19, 2021
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I have looked for an accountant and financial advisor like SWM for many years and finally feel comfortable that we are now in the hands of the best in the business.
Within a very short time frame, our complete financial structure has been tidied up and we are finally set up in a way that benefits my family and I aswell as making our business far more streamlined. Nick and his team have not missed a single thing and have rectified issues or indiscrepancies that 3 or 4 other accountants over the years had missed which has not only improved our financial position but has felt like a real load off
Within a very short time frame, our complete financial structure has been tidied up and we are finally set up in a way that benefits my family and I aswell as making our business far more streamlined. Nick and his team have not missed a single thing and have rectified issues or indiscrepancies that 3 or 4 other accountants over the years had missed which has not only improved our financial position but has felt like a real load off
John Kap
Sep 29, 2019
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Gkm Solutions
Jul 15, 2019
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Nick and the team at Strategic Wealth have been looking after our accounts ever since we started our business. Their attention to detail is first class and have always been thorough and accurate when preparing our financials and company returns. They have become a one stop shop for all our accounting and financial planning needs.
John Micallef
Nov 06, 2018
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