Not sure if you are aware but the ATO is toughening their stance, as employers are increasingly being subjected to a rolling series of audits by the ATO.
It means if a business is behind on their SG obligations, the Tax Office is now taking a tougher stance on non-compliance.
In simple terms it means that with the ATO audits, employers are to check whether they had SG obligations. If for example an employer has been subjected to an audit in the finalisation letter there has been a requirement for them to provide evidence that they have also met their obligations for the last quarter.
It can be a little complicated but a business may have a years’ worth audited say for 2018 for example and if they haven’t complied with the obligations for the December quarter then the ATO will open up the file and audit their obligations from July 2018 through to December 2018. It means that an employer who is continuously not meeting their obligations when it comes to this, the ATO have a right to open up the file and be subjected to a continuous or rolling series of ATO audits. This would be a hard pill for any business owner to swallow.
So if you feel that this might be something of concern for you, please give me a call on
0429 363 047 to chat further so I can help you keep compliant.
Maree’s Mobile Bookkeeping
M: 0429 363 047