Uniform Deductions
Hi,
Just wondering what the tax tracking type for Uniform Deductions should be? The employee currently pays back 25% of the cost for uniforms as a deduction from their pay, but the only tax tracking code I can see to allocate is Deductions (union fees). Is there something else to use instead?
Answers
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Dear @AdrianaM ,
As I am not an accountant or bookkeeper, I can only generally advise on these topics.
As such, you may want to reach out to a Professional or Accredited Partner here:
- Professional Partners and Accredited Partners are tax agents or accountants who can give more insight into the process.From what I understand per the ATO's guidelines seen here: https://www.ato.gov.au/businesses-and-organisations/hiring-and-paying-your-workers/single-touch-payroll/in-detail/single-touch-payroll-phase-2-employer-reporting-guidelines/other-components-of-your-stp-reporting
The reporting of deductions does not change under STP Phase 2.
As such, whatever tax tracking type you used in Phase 1 is what you should use now.
Of course, you should check with your accountant or bookkeeper first, as this is purely from what the ATO has instructed.
Kind regards,
Alexander McKeown
Reckon Senior Technical Support
1 -
Hi @AdrianaM
There’s not a designated STP allocation code for this. It’s just a net deduction & therefore the employee can claim this amount in their tax return ☺️
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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