Small Business Superannuation Clearing House is going online

The SBSCH or Small Business Superannuation Clearing House that you use to report and pay super for employees will be moving platforms and will be joining the Australian Taxation Office’s suite of online services from Monday 26th February 2018. This will mean that the way you access this service will also change at that date.

What is the SBSCH?

It is a FREE service if your business has 19 or fewer employees with an annual turnover of LESS than $10 million a year.

What do I need to do?

If you use the services of a BAS or TAX Agent to report and lodge your superannuation guarantee (SGC), there is nothing more that you need to do. Your tax practitioner will continue to do the job on your behalf with no change in the procedure you already use.

What if I pay the SGC myself?

If you lodge your own superannuation guarantee, then you need to get ready ….. NOW!

From the 26th February 2018, you will be able to access the SBSCH from your ATO Business Portal using your existing AUSKEY or your myGov Account.

You can watch a ATO webinar recording explaining how this will all work via this link SBSCH joining ATO Business Portal which will explain:

• How to access the SBSCH via the Business Portal
• How to access the Business Portal itself

My Office Books can help

If you are looking to employ into the future or just not sure how to proceed, contact Amanda our BAS Agent by calling her on 0423463721.

Amanda Hoffmann

Amanda Hoffmann is a registered Tax Practitioner / BAS Agent No.18613005, Associate of Finance, Xero, Myob & Quickbooks Proadvisor / Trainer and a Consultant for the Australian Taxation Office.

She says she is more than just a bookkeeper with experience in real estate investing, social media, podcasting, blogging and recently recording monthly youtube episodes

Amanda loves to teach smart, easy online cloud solutions and fix messy bookkeeping. Follow her on social media and say “Hi”