LIVING AWAY FROM HOME ALLOWANCE
what should the above allowance be under. I have found that it is under cents per km which will be so wrong for our employee at the end of next financial year. I dont remember putting it under that. I am going to look at the free webinar about wages shortly
Best Answers
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Hi Jenny
Yes, c/km is only for Travel/Car Allowances paid by the distance travelled.
LAFHA eligibility is very specific so I would be checking that it actually does qualify as that. If so, it is not reported through STP2 - & should therefore be mapped to None - however there may well be FBT implications for it π¬
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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As usual Shaz you are a mine of information. I think the migration automatically attached it to cents under kms. Nice mess I am in now with ATO because I did not checkπ
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Answers
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Donβt beat yourself up too much Jenny - itβs a lot for everyone to get their head around, what with the complexities of payroll & STP2 as well π’
Happy to help - If you need to, feel free to email me directly βΊοΈ
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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