Changes to the Small Business Superannuation Clearing House

You may have recently received correspondence from the Tax Office regarding changes to the SBSCH. To assist with the changes the ATO have released a useful booklet to guide you through the process, but it may seem a little complicated at first glance.

Essentially:

– If you are a sole trader or individual, you will need to access the ATO via myGov
– If you are a small business ABN holder you will need to use the ATO Business Portal
For small businesses who already use the ATO Business Portal, or already have an AUSkey the process will be simple.

If you don’t have an AUSkey there are two options available:

– Use manage ABN Connections via myGov
– Register for an AUSkey (please note not compatible with Google Chrome)

The instructions, including various screen shots of the process, are all set out in the ATO booklet. A copy of the booklet can be accessed here.

You will need to organise your access now, to ensure you don’t miss the next super guarantee due date of 28 April 2018.

As usual, if you require assistance along the way, please do not hesitate to contact one of our team.