Need to adjust super since July 2021
Hi there,
I just found out that Superguarantee rate was set up 9.75% since mid-July2021 ( somehow previous bookkeeper set up as at 9.75% instead of 10%) and I need to make an ajustment payment to all employees.
What is the best way to do that? I already fixed Super rate to 10% on 1/03/2022.
Should I manually calculate each employee " how much they should've been received super" then process payroll - wage $0.00 amount but enter adjusting super amount ??
I use Single touch payroll.
Thanks in advance!
Hi Atom12
You can report those adjustment pays through STP. When you process the next normal pay the updated YTD amounts will be sent to the ATO.
Please let me know if you need further help.
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