I have noticed when I do a pay run that it only deducts tax, not super.
So for example, a 7k invoice is deducting 2164 in tax and saying i pay my contractor 4836. However, then I also have to pay 665 in super. This means I am losing 665 as I only got paid 7k.
How do I fix this? I am losing out every pay run.
Hi Dennis3
Thanks for your post. Superannuation Guarantee is an expense of the business, as such, it is payable by the business not the employee. This means that it won't be deducted from the employee's pay.
These links to the ATO website have detailed information:
Please let me know if you need further help.
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