Parliament has finally passed legislation introducing an amnesty which allows employers to self-correct historical superannuation guarantee (SG) issues. The amnesty provides relief from some of the harsh outcomes that normally apply when SG obligations are not satisfied.
Given the complexity of the SG system and how difficult it can be to determine whether a worker is an employee, there are likely to be many businesses who have SG problems but don’t know it yet.
Crucially, the amnesty period will end six months after the legislation receives Royal Assent. This means that practitioners and clients have very little time to identify possible problems, determine the correct treatment and take practical steps in order to take advantage of the amnesty.
This webinar will bring you and your team up to speed with how the amnesty actually works and the practical issues that need to be considered when helping clients navigate this one-off opportunity.
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. Michael is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.
*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.