Tax, Super and You

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Do you have enough funds to pay your tax and super liabilities?

When it comes time to pay the ATO and submit your employee's super contributions, it's important that you have put enough funds aside. If not, you're going to drain your cashflow or worse still, not have enough funds to pay.

Each month we will create a bill that consists of the accrued superannuation, GST, PAYG Withholding, and income tax for the month before. If we pay your bills, we'll include this bill in your next batch. If not, we'll tell you how much to transfer to your 'tax and super' bank account.

This service requires you to have a separate 'tax and super' bank account that is used exclusively for reserve funds.  

 

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