Novated lease salary sacrifice payroll set up

kgunawan
kgunawan Member Posts: 4 Novice Member Novice Member
in Accounts Hosted

I would appreciate if I can get an clear instruction for setting up novated lease salary sacrifice with the current STP: pre tax and post tax salary sacrifice amount.

Second question: what should we do for FY2024-25, if we have set post tax salary sacrifice incorrectly? Ie. the withholding tax amount is correct however it is coded as tax tracking: salary sacrifice other employee benefit (O) - which I believe it is not correct.

I appreciate your help in advance.

Kristina

Comments

  • Acctd4
    Acctd4 Accredited Partner Posts: 4,114 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Hi @kgunawan

    I have a resource I’ve written up on this. Feel free to email me direct if you would like me to send it through to you 😊

    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!)

Categories