SUPERSTREAM ... WHAT'S ALL THE FUSS ABOUT ...???
Superstream is a government initiative designed to simplify the processing, payment & reporting of Superannuation contributions
If you're an employer with 20+ employees, your deadline for Superstream compliance was 31 October 2015, however the ATO are accepting unintentional, non-compliance during the transitional phase ........ provided you are taking the necessary steps to implement Superstream ASAP!
Find out where it's at right now & what you need to do next:
The QuickBooks range of accounting software has now been re-named to "Reckon Accounts"
This change has not affected program features or functionality in any way. It is simply a change of name.
IS YOUR CURRENT BOOKKEEPER LEGALLY REGISTERED????
* This new legislation is NOT applicable to "employee" bookkeepers *
From 1 March 2010, new legislation has been introduced in Australia for bookkeepers.
Anyone charging a fee to perform bookkeeping services - now deemed "BAS Services" by the new Tax Practitioners Board - is required to apply to the board for regsistration as a "BAS Agent" (or "Tax Agent" depending on the services they offer.)
Specific criteria must now be met in order for this registration to be approved.
There is an initial "Transitional" period in place, allowing applicants time to meet the necessary academic qualification(s) and/or experience.
Not only are there severe penalties for bookkeepers who continue unregistered, but YOU as the client have no safeguard against any errors they may make!
UPDATE (April 2010)
I have now received formal acknowledgement & certification from TPB of my confirmed status as a
legally registered BAS Agent from 1 March 2010.
A list of currently registered BAS/Tax Agents is available online at:
Is YOUR bookkeeper on it ....?