Good afternoon. A few weeks back I noticed that something that had been set up to calculate 3% of an employee's gross earnings - in the section where superannuation is calculated - meant Employer Contribution for SGL has been overstated on out STP report. I have gone back and changed for one employee, what was reported to the ATO last financial year and can see we for example, reported we paid $42,000 SGL for that employee, when in fact, we only paid $28,000 SGL. This is because of that 'dummy superfund' set up in our superannuation section, along side their actual superfund, reporting to the ATO.
What should we do? What is the impact to us and the Employee? Do we need to correct previously reported YTD for each financial year?
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36 views
4 replies