Small Business Superannuation Clearing House is Moving
From early 2018 the Small Business Superannuation Clearing House (SBSCH), which is currently accessible through the Australian Tax Office website, is moving to join the ATO’s online portal services.
The SBSCH is a free service that you can use to lodge employees’ superannuation payments if your business has 19 or fewer employees, or an annual aggregated turnover of less than $10 million.
If you are already using the SBSCH you will find that the information contained on the current site will still be available, however it will have a new look and feel. Integrating with the ATO online services will allow for extra functionality including the ability to sort employee listings and payments by credit card.
Access to the new service is through either of the following authentication solutions used to identify you and your business:
Your entity type will determine how you access the new SBSCH from early 2018. If you’re a:
Individual sole trader
Access to the new look SBSCH will be available through your myGov account linked to the ATO online services. One issue with signing up to myGov and linking to your ATO account is that the ATO will no longer send to us any documents that relate to your affairs. Instead they will go direct to your myGov mailbox. This can prove difficult for us to act for you as we won’t see what they have sent you. This means you need to be extra vigilant in checking what documents the ATO forwards to you. As always please feel free to run past us any items you are unsure about.
Small business other than a sole trader
The SBSCH will join the Business Portal, which is the main tool for businesses to interact directly with the ATO online. You can prepare and lodge your BAS, manage your accounts and update your business registration details.
Our team at WLF is here to help you get ready for this change should you require assistance.