Auskey is retiring as of 31 March 2020 – It will not work after that date!
– myGovID is the replacement.
· myGovID is a security system that uses a digital identity app on current smart phones to prove your identity when you try to log in to an increasing array of government services (ATO Online Services for Agents, ATO Business Portal, ATO Relationship Authorisation Manager, the ABR and many more to follow).
· Usernames and passwords are no longer sufficient methods to identify who is accessing privileged services.
· Each individual will have their own unique myGovID digital identity, and you only need one.
· If you access government services on behalf of any entity then you either must be an Authorised Person of that entity on the ABR, or invited to act by such a person. This connection of an individual to an entity is made and managed by using RAM (Relationship Authorisation Manager).
Single Touch Payroll reporting means that the ATO is now able to see:
· Which employers are not reporting
· Which employers are not accruing Super, or not accruing correctly
· Which employers are not paying Super (the super funds report all payments received)
The ATO as regulator of Superannuation Guarantee now has the means to be proactive in chasing employer compliance. Government has a priority – the adherence to Superannuation requirements. We might get an amnesty period for getting Super Guarantee up to date. The ATO discretion to reduce penalties will be diminished thereafter.
An employer must lodge the SGC forms if super is late or missing. Late payment does not stop the penalties accruing. The paperwork must be done.
The proposed Superannuation Guarantee Amnesty is not yet law!
The Bill is currently being considered by Parliament for the second time. It is before the Senate and likely to be considered in February 2020.
If the Amnesty (as proposed in the current draft of the Bill) becomes law, employers will have 6 months to:
· Calculate any outstanding Superannuation Guarantee (SG) amounts
· Check if any amounts were paid late but a SG Charge (SGC) form was not lodged
· Lodge a SGC form for any historic issues
· Obtain the PRN from the ATO
· Pay the outstanding amount or enter a payment plan
The employer must then comply with the payment plan and also meet future obligations.
The ATO says not to wait for the Amnesty law
I have recently put together a workshop for small businesses called "Cultivating Good Work Practices".
This workshop gives you the basic information and tools needed to have a successful office and procedures, which leads to increased productivity, consistency for customers and an increase in revenue.
The next ’Cultivating Good Work Practices’ Workshop is being held in February - stay tuned for the date!
Venue: Bundaberg Business Enterprise Centre: Stewart Room
Time: 9am to 2pm
If you are interested in finding out further information or would like to attend the Workshop please contact us. Further workshops will be held throughout the Year.