STP 2 Super SS employee

Starjanet
Starjanet Member Posts: 9 Novice Member Novice Member
in Accounts Hosted

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

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,216 Reckon Community Manager Community Manager
    edited July 2023 Answer ✓

    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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  • Starjanet
    Starjanet Member Posts: 9 Novice Member Novice Member
    Answer ✓

    Hi Rav

    Thanks so much for your quick response.

    I was thinking I had done something wrong

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,216 Reckon Community Manager Community Manager
    edited July 2023 Answer ✓

    @Starjanet

    No it doesn't have that functionality at this stage.

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,703 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    @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

    shaz@accounted4.com.au

    https://accounted4.com.au

    (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!)

Answers

  • Starjanet
    Starjanet Member Posts: 9 Novice Member Novice Member

    Does Reckon Hosted have the facility for onboarding new employees from MYGOV account?

  • Starjanet
    Starjanet Member Posts: 9 Novice Member Novice Member

    Thankyou again for your response

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