How is a Public Holiday treated in STP2 for tax tracking?
Should a Public Holiday still be treated as Gross Payments or should it now be Other Paid Leave?
Thanks
Answers
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Salaries and wages……
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Hi Lynne
That one is Gross Payments ☺️
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
(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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Hi Lynne
The pay an employee earns for working a public holiday is reported the same way ie. Paid public holidays are not reported separately for STP Phase 2 reporting purposes.
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@Rav @Acctd4 @Rav I had to add a public holiday worked payroll item so I just checked my public holiday settings and I have public holiday set as : Tax tracking other paid leave (which I see maybe incorrect) and expense account Payroll Expenses Gross Wages. should I change this or does it have to be corrected for previous STP. I thought I had had all this set up correctly seems we can never be sure. I have no idea what to do or how to do it now. HELP
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As per Shaz’s advice up above it should be Gross Payments not leave, expense account is ok. Just go to Payroll, manage items, double click on the public holiday item and click through windows to tax tracking and change to Gross Payments.
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Hi Narelle
Don’t panic … Yes, change the Tax Tracking Type to Gross Payments. Because STP just updates YTD each time you submit, this will automatically reflect from your next submission ☺️
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
(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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@Acctd4 Before I read these replys I rang my Reckon advisor he said to just start new payroll item with correct tax tracking so I did and renamed previous Public holiday as Old public holiday , Is this going to stuff figures up. I am so over payroll and STP. I used to think Iknew what I was doing not anymore.😫
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You definitely DON’T need to create a new Payroll Item - It will automatically update.
This is how STP works:
When you lodge a submission, it updates - eg “adds” to or “deducts” from accordingly - each of the applicable YTD column balances (Gross Wages, PAYG, Super, Leave etc etc)
This means when you edit or change something, this will automatically be updated in subsequent submissions (&/or also when finalising)
In your case - after correcting your Public Holiday Payroll Item linking from Leave to Gross - your next submission will automatically reflect this ☺️
Log in to your Reckon STP portal & look under the Detail link (at the far right of the submission line) of the last submission you did before you corrected the Public Holiday linking. Take a snip or screenshot of the YTD balances for each employee line.
Then - after you’ve corrected that linking - upload that particular pay run submission again (in Draft status so you can Delete it) & look at the employee YTD balances again under the Detail link
Compare the 2 & you’ll see what I’m referring to ☺️
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
(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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