Non Super Fringe Benefit payroll
Jan_8038129
Member Posts: 6 Reckoner
Can anyone help please, I have setup the payroll item for non super Fringe Benefit in company contribution. How do I process the payroll? eg: If some one is earning 38hrs @ 40=1520 and they want to salary sacrifice $500 weekly? do I reduce the earnings by $500 and put the $500 in the company contribution other payroll item
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Comments
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Hi Jan
You have stated "non super FBT".... If you are talking salary sacrifice it is super
Are you setting up super salary sacrifice or trying to set up a provision for Fringe benefit allowance each week in the hope to increase the tax to cover the FBT that is applied at the end of year as in i.e a car FBT.0 -
Hi Thankyou for your response. I'm sorry I didn't explain properly what I'm trying to do. I work for a non for profit organisation which has PBI status. A few staff members are salary sacrificing an amount each week to their credit card this amount at 31st march will equal below the threshold to pay FBT. I have set up the payroll items expense in company contribution and also a liability account. when processing the payroll I have been reducing the earnings which is subject to tax and the Salary sacrifice amount into company contribution account. I have done a test on the payment summary and the amounts show correctly into FBT and Gross amount. I am not sure whether I am suppose to reduce the earnings or is there some other way of processing the payroll.0
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Hi Jan
I am not the expert on FBT and PBI so I have given you some links that may help.
https://community.reckon.com/reckon/topics/reportable_fringe_benefits-lhng5
https://community.reckon.com/reckon/topics/reportable-fringe-benefits-are-included-in-gross-as-well-...
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