June cutoff dates for Super Contributions
Just a quick reminder that if you are wishing to pay your June Super Contributions before the end of the month, in order to maximize your deductions, you will need to ensure there is plenty of time for the clearing houses to process your payments.
This is understandably a very busy time of year for the Super Funds and Clearing Houses.
Xero have advised their safe cut-off times for their clearing house is no later than 2PM AEST 18 June 2024.
This is understandably a very busy time of year for the Super Funds and Clearing Houses.
Xero have advised their safe cut-off times for their clearing house is no later than 2PM AEST 18 June 2024.
MYOB and Quickbooks advise to leave at least 10 days before the end of the month to ensure processing times are met.
Remember, your Super Contributions have to have been received by the fund before June 30, not just paid by then, in order for the ATO to recognise the deduction.
Please let us know if we can be of any further assistance with this matter or any of your year end requirements.
Remember, your Super Contributions have to have been received by the fund before June 30, not just paid by then, in order for the ATO to recognise the deduction.
Please let us know if we can be of any further assistance with this matter or any of your year end requirements.
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