Higher Education Loan Program - what do I do?

Lynne_8946547
Lynne_8946547 Member Posts: 93 Reckoner Reckoner
in Reckon Accounts (Desktop)

Hi

I've received a notification from the ATO (attached) regarding one of our apprentices who appears to have taken out a Trade Support Loan (TSL).

I haven't had to deal with this before and am unsure what to do.

Do I have to tick the "HELP Debt" box within 'Taxes' in their Payroll file? Is there anything else I need to do?


Thanks

Lynne

ATO.jpg


Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,867 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Yes, that’s correct. Just tick the HELP Debt checkbox & the system will calculate any additional tax accordingly. Nothing else required ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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