SG amnesty tension mounting for virus-affected businesses
The superannuation guarantee amnesty window has left many businesses with a potential dilemma on their hands as a result of the economic effects of COVID-19, according to a law firm.
The SG amnesty window opened on 6 March and will close on 7 September. But according to a blog by CGW Lawyers, the main risk with the SG amnesty is making a disclosure but not being able to pay the superannuation guarantee charge (SGC), meaning the benefits of the amnesty will not apply.
Read more at SMSF Adviser.
