With the SuperStream deadline for small businesses just around the corner, Reckon has joined forces with NAB to provide its accounting software customers with NAB Super Pay.
The reasoning behind the partnership is to ensure Reckon’s customers are compliant with the government’s SuperStream legislation – for the majority of employers, self-managed super funds, and APRA-regulated funds need to abide by SuperStream by no later than 30 June. The accounting software company believes their customers are now equipped with the tool to do so: NAB Super Pay.
Clive Rabie, Reckon Limited CEO explains the company’s tactics regarding the SuperStream legislation was “to provide customers with an integrated and streamlined approach that had minimal impact on their day-to-day business activities.”
He believes their partnership with NAB and their services “allows business to enjoy the efficiencies and time savings of paying superannuation contributions electronically as well as peace of mind that they are meeting Australian Tax Office requirements and that their employees' superannuation is being paid.”
He observes that businesses that do not abide by the new legislation by the due date could face ATO penalties, and adds, “As a payroll software provider, it is vital that we help our customers and partners meet their superannuation obligations. Our software meets SuperStream regulations, complies with Australian Taxation Office data requirements and is backed by robust reporting to easily view and track contributions.”
From NAB, Transaction Products and Payments General Manager, Deanne Keetelaar, applauds the new integrated solutions: “employers can cut down on administrative processes and receive more time to do what they do best – running their business.”