Novated lease

Christine WalkerChristine Walker Member Posts: 1
edited September 2019 in Accounts Hosted
I've set up a novated lease as per the Knowledgebase article using the total weekly deduction amount supplied by the packaging company and amounts look OK on payslip. However the advice I have from the packaging company splits the deduction between pre & post.  Do I need to put these in separately instead of just using the total?

Comments

  • Acctd4Acctd4 Accredited Partner Posts: 891 ✭✭✭
    edited September 2019
    Hi Christine

    Does the packaging company give a reason for this?  The employee is unable to claim a deduction in their tax return on a novated lease so just wondering what the packaging company's thoughts are behind this? 

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *

    ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    0422 886 003

    [email protected]

    https://www.accounted4bs.com/

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