Contractors Superannaution
Good Afternoon,
I am currently in the process of setting up superannuation payments for our contractor.
I am after some further direction on how to pay superannuation to contractor if I am processing his invoice through purchases but need to pay superannuation.
With some notes I have read that you need to setup a employee card for the contractor so it can be processed through using the superstream or the other option was from the ATO to pay superannuation directly to the super fund. Which in this case you would use spend money to allocate funds?? but the superannuation account would not balance?? Correct??
So what would be the better option and to comply?
And what report would you you use ?
Hi jacqui10
If you were wanting to report the contractor’s superannuation contributions, we do recommend putting this through the Payroll section of your AccountRight. This would allow you to pay the contractors super along with any other employees.
Assuming you wanted to use a different method, I’d recommend seeking advice from your accountant as to any potential implications of any other chosen method of paying the superannuation.
