STP 2 Super SS employee
When uploading the wages into STP2 for submission to the ATO
The Employee Super salary Sacrifice amount is now included in the Gross amount
Is this correct?
Eg Employee earns $1000.00 and wants to SS into Super $200
previously the Gross amount would show as $800 ( the reduced amount subject to Tax)
Now it is showing as $1000 (doesn't this effect the tax at the end of year)
the Salary sacrifice amount is showing as a Type S positive $200
Is this correct,
Best Answers
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Hi @Starjanet
Yes this is correct under STP Phase 2 reporting. When reporting Salary Sacrifice, instead of reducing the Gross payments balance, it is linked to the new Salary Sacrifice (Type Code S) tax tracking type. This means the full gross amount is reported with the Salary Sacrifice separated out and as a positive balance.
There's also some info on this from the ATO on their site HERE.
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Hi Rav
Thanks so much for your quick response.
I was thinking I had done something wrong
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No it doesn't have that functionality at this stage.
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@Starjanet Not automatically as yet ... but it will eventually 😊
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
(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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Answers
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Does Reckon Hosted have the facility for onboarding new employees from MYGOV account?
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Thankyou again for your response
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