LIVING AWAY FROM HOME ALLOWANCE

Jenny Byrne
Jenny Byrne Member Posts: 62 Reckoner Reckoner

what should the above allowance be under. I have found that it is under cents per km which will be so wrong for our employee at the end of next financial year. I dont remember putting it under that. I am going to look at the free webinar about wages shortly

Best Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,164 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer βœ“

    Hi Jenny

    Yes, c/km is only for Travel/Car Allowances paid by the distance travelled.

    LAFHA eligibility is very specific so I would be checking that it actually does qualify as that. If so, it is not reported through STP2 - & should therefore be mapped to None - however there may well be FBT implications for it 😬

  • Jenny Byrne
    Jenny Byrne Member Posts: 62 Reckoner Reckoner
    Answer βœ“

    As usual Shaz you are a mine of information. I think the migration automatically attached it to cents under kms. Nice mess I am in now with ATO because I did not check😭

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,164 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Don’t beat yourself up too much Jenny - it’s a lot for everyone to get their head around, what with the complexities of payroll & STP2 as well 😒

    Happy to help - If you need to, feel free to email me directly ☺️

Welcome!

It looks like you're new here. Sign in or register to get started.