Gross payment with salary sacrifice BAS reporting

Lori Ryan · July 11

If the total gross payment on the payrol summary is say $20,000 and the supper salary sacrifice is $4,000, you have then an adjusted gross wages of $16,000, which gross figure should be recorded on the BAS as gross wages. Autofil on the BAS comes up with the adjusted gross figure. Just hoping I have set it all up correctly.

Acctd4 · July 11

Always Adjusted Gross as W1 reports taxable amounts - SS isn’t taxable so is deducted from this ☺️

Lori Ryan · July 11

thanks Shaz, looks like I have put the correct amounts on my BAS.

Acctd4 · July 11

Great to hear @Lori Ryan ☺️👍🏻

Gross payment with salary sacrifice BAS reporting

Best Answer

Shaz Hughes Dip(Fin) ACQ NSW, MICB

* 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!)

Answers

Shaz Hughes Dip(Fin) ACQ NSW, MICB

* 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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