Salary Sacrifice - still taxing on gross including sacrifice?
Hello
Using Reckon Accounts Hosted. Just set up a Salary Sacrifice payroll item last week, upon use in today's pay run saw that the PAYG Tax amount was still calculated on the gross including SS, where may I have gone wrong?
I have tax tracking set to salary sacrifice (cos STP2), and I have 'PAYG Tax" NOT ticked in the payroll item.
Sorry for fresh query but all answers I found on here were from prior to STP2, saying to change tax tracking to gross payments, which I guess can't be the fix now due to STP2. Thanks :-)
Answers
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Hi Sharlien
You need to have PAYG TICKED - This window just indicates whether PAYG is "affected" - rather than meaning to "tax" it - so it needs to be ticked to ensure it's reduced (in the case of SS) 😊
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
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I did wonder if that might be the case, thank you! Will go try again :-)
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