jobKeeper

Andy_9860584
Andy_9860584 Member Posts: 45 Reckoner Reckoner
edited July 2020 in Accounts Hosted

Comments

  • John Graetz
    John Graetz Member Posts: 1,663 Reckon Star Reckon Star
    edited July 2020
  • Andy_9860584
    Andy_9860584 Member Posts: 45 Reckoner Reckoner
    edited July 2020
    Thanks John so do i just enter the $300 as a bonus to employees
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,133 Accredited Partner Accredited Partner
    edited April 2020
    I believe you would enter as a Bonus or maybe a Stand Down topup or call it what you like - but this payment will require super on it and also tax to be deducted.. and it will go to Gross wages - not an allowance..
  • Brigitte Nott
    Brigitte Nott Member Posts: 9 Novice Member Novice Member
    edited April 2020
  • John Graetz
    John Graetz Member Posts: 1,663 Reckon Star Reckon Star
    edited April 2020
  • Andy_9860584
    Andy_9860584 Member Posts: 45 Reckoner Reckoner
    edited July 2020
  • John Graetz
    John Graetz Member Posts: 1,663 Reckon Star Reckon Star
    edited April 2020
  • Linda ABC
    Linda ABC Accredited Partner Posts: 1,133 Accredited Partner Accredited Partner
    edited April 2020
    I agree with John its always good to check with your accountant - A bonus payment as you are suggesting to use will have super as its related to their performance in the past and you wanting to reward them for being good employees - so probably the answer is yes, super is payable...given that the extra super is $28.50 per week and you are happy to pay them an extra $300 pw - you could err on the side of caution and pay it?
  • Andy_9860584
    Andy_9860584 Member Posts: 45 Reckoner Reckoner
    edited April 2020
    Thank you all for your help with this.

Categories