logo
Receive the latest mybusiness news
SUBSCRIBE TO OUR NEWSLETTER
Copyright © 2020 MOMENTUMMEDIA

1 in 4 SMEs risk SuperStream non-compliance

Staff reporter
21 October 2016 1 minute readShare
A roll of red tape

The ATO is urging small businesses to prepare for SuperStream, with the deadline fast approaching and a quarter of small businesses risking non-compliance.

ATO assistant commissioner Nicole Dykstra says the deadline has already been extended to 28 October from 30 June and the ATO “will not be granting any further extensions for businesses who have not implemented SuperStream”.

Time is running out for businesses with 19 or fewer employees.

Advertisement
Advertisement

“The ATO is pleased that more than 75 per cent of small businesses are already SuperStream-compliant. However, there is still a way to go to ensure everyone has made the switch,” Ms Dykstra said.

“If small businesses haven’t adopted SuperStream by the deadline, they are at risk of being non-compliant.”

 

Last month, a survey by MYOB found some business owners were confused about SuperStream.

“The ATO has announced big changes for SMEs. SMEs are telling us they are confused and unaware of the deadlines set against them,” MYOB’s general manager of SME solutions James Scollay said.

SPONSORED CONTENT

 

1 in 4 SMEs risk SuperStream non-compliance
mybusiness logo
Staff reporter

Leave a Comment

Latest poll

Which of the following stimulus measures has had the greatest impact on your business?