Contractor or employee? Time is almost up to get compulsory superannuation right before prison times kick in

$110.00

In this webinar Fletch Heinemann, partner in Cooper Grace Ward’s Tax team, will work through case studies where well-meaning businesses have underpaid compulsory superannuation.

He will work through the most common risks for inadvertently underpaying compulsory superannuation, as well as options to protect against those risks.

[Running time: 1 hr]

Description

On 24 May 2018, the Government introduced a 12 month superannuation guarantee amnesty. The amnesty provides incentives for businesses to self-correct historical errors in relation to compulsory superannuation.

The Minister for Revenue and Financial Services, Kelly O’Dwyer, has threatened 12 months in jail for those employers who don’t pay the compulsory superannuation that they should.

In this briefing, we work through case studies where well-meaning businesses have underpaid compulsory superannuation. We discuss the most common risks for inadvertently underpaying compulsory superannuation, as well as options to protect against those risks.

The case studies explore the following issues:

  • incorrectly classifying employees as contractors – the high risk areas from recent cases
  • common errors for miscalculating compulsory superannuation contributions
  • when compulsory superannuation has to be paid to contractors and others deemed to be employees
  • how the super guarantee amnesty works
  • the advantages of the amnesty and traps in the voluntary disclosure process
  • what errors can be voluntarily disclosed to the ATO
  • other options for reducing risks.

Who will benefit from this webinar?

This webinar is highly recommended for:

  • HR professionals
  • senior executives.
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