Do your clients have outstanding staff super payments ?
The Federal Government has proposed an amnesty to allow small businesses to pay outstanding Superannuation Guarantee (SG) obligations and avoid penalties.
“Now is the time for your clients to address outstanding super payments. At Australian Invoice Finance we can bring your outstanding obligations up to date and fund your ongoing staff superannuation and other payments through our invoice finance products,” said Managing Director, Greg Charlwood, warning that employers who do not take advantage of the amnesty will face stiffer penalties when they are eventually caught.
Assistant Minister for Superannuation, Financial Services and Financial Technology, Jane Hume, said in a statement this week that, “typically, employers will face a minimum 100% penalty on top of the SG charge they owe”.
Australian Invoice Finance can provide fast, flexible finance to help your clients take advantage of the superannuation amnesty and avoid penalties. We lend up to 90% of the value of unpaid invoices with no property required as security.
Contact one of our experienced Cash Flow Finance Specialists today to arrange 24-hour approval.