Superannuation Guarantee Contributions & Contractors

Super Tax - A Grade Tax

Employers must pay super contributions to a complying super fund for all eligible employees by the quarterly deadlines. These contributions are in addition to the employees’ salaries and wages, and must be calculated based on ordinary time earnings.

Employers also need to pay super contributions for contractors you pay under a contract for labour, because they are considered employees for the purpose of super guarantee. This includes contractors who quote an Australian business number (ABN).

The Australian Tax Office also have a range of publications, tools and calculators to help you understand and meet your tax and super obligations at:

http://www.ato.gov.au/businesses/content.asp?doc=/content/19159.htm

For further tax advice on all types of taxation services please contact A Grade Tax Accountants Penrith on (02) 4731-1405 or visit our website www.agradetax.com.au

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