Gross payment with salary sacrifice BAS reporting
Lori Ryan
Member Posts: 10 Reckoner
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.
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Best Answer
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Always Adjusted Gross as W1 reports taxable amounts - SS isn’t taxable so is deducted from this ☺️
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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thanks Shaz, looks like I have put the correct amounts on my BAS.
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Great to hear @Lori Ryan ☺️👍🏻
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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