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The Australian Taxation Office (ATO) estimates the unpaid super gap to be $2.45 billion, and has shined a light on structural issues around the lag between superannuation information reporting and actual payments.
The latest news and announcements regarding Australian tax and compliance in the accounting landscape.
The $450 monthly superannuation threshold will be removed from July, and one accountant says it is essential that small businesses start preparing.
Labor promises that superannuation will not be hotly contested in the upcoming federal election, vowing that if it comes to power in 2022 it will not introduce major changes.
The ATO has provided its end-of-year deadlines and key dates for practitioners as it approaches the annual closure period for 2021.