The Difficulty of Preparing an SGC Statement

Zachary Thomas is a Senior Consultant in KPMG's Employment Tax Team. He explains some of the difficulties employers might face when preparing an SGC statement. As part of the remediation process, we often undertake a review of pay codes and their treatment for superannuation purposes. If you are required to remediate through preparation and lodgement of SGC statements, it's very important that you pay by the due date. It only takes one employee to ask the ATO a question to trigger an audit.