Death Benefit payment

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Bernessa Roost
Bernessa Roost Member Posts: 35 Reckoner Reckoner

Hello brains trust,
We had an employee pass away last year and I have just noted the Death payment was processed as hours worked and leave on termination & was heavily taxed, I would like to rectify this before the EOFY and update the STP event.

I will contact the recipient first to ensure they have not finalised the deceased tax affairs.
Payment was made to a non-dependent
Unpaid worked hours and unpaid annual leave.
No ETP payments included (Golden handshakes, invalidity, etc).

I have checked the available STP reporting codes and can not see anything for ETP tax free & ETP Taxable.

I am hoping someone might be able to guide me through the process to correct the original pay run so that it is correct and the STP reporting codes to use.

Appreciate any assistance.

Regards
Bernessa


Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,023 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @Bernessa Roost

    I can send you one of my detailed guides I've written up, if you'd like to shoot me an email direct 😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * 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!)
  • Bernessa Roost
    Bernessa Roost Member Posts: 35 Reckoner Reckoner

    Thank you Shaz, I have sent you an email. Please check your junk file if it does not come through, my name tends to get spammed.

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,023 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Just sent @Bernessa Roost 😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! *** Bookkeeping & 1-on-1 customised software Training/Troubleshooting ***

    * 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!)
  • Bernessa Roost
    Bernessa Roost Member Posts: 35 Reckoner Reckoner

    Thank you 😁 received and super helpful. Very grateful.