Wherever possible, we suggest you pay all employee super TODAY, for this quarter or month (depending on what cycle you are on). Super is due by 21st of July anyway so you may as well pay it now and get the deduction this year. If your final pay run has already been done, great, as this will incorporate all super for the period. If you aren’t going to process final pays until tomorrow or Friday, then still pay all super up until your previous pay run today. This way you will get the deduction for all super except the last pay run, which can then be paid and claimed in the next financial year.
Also ensure you pay any additional super contributions for owners.
Lastly, there are quite a few changes to how end of year Payroll is processed this year. It can be quite confusing so if you need assistance please don’t hesitate to contact us.