FBT employee excess contribution
Christine Trainor
Member Posts: 3 ✭
We have a number of employees who salary sacrifice vehicles, as well as other items. Throughout the FBT year a number of these employee's pay an FBT contribution which is deducted via the payroll each pay period as contribution towards any FBT that may be payable at the end of the FBT year.
We have now completed the FBT returns and some of the employee's have the following situation:
1) Expenses incurred throughout the FBT year by the employee were greater than the FBT payable
2) Over provisioned their FBT contribution based on the actual FBT payable.
What is the best way to process these FBT refund adjustments via the payroll?
Thanks in advance.
We have now completed the FBT returns and some of the employee's have the following situation:
1) Expenses incurred throughout the FBT year by the employee were greater than the FBT payable
2) Over provisioned their FBT contribution based on the actual FBT payable.
What is the best way to process these FBT refund adjustments via the payroll?
Thanks in advance.
0
Comments
-
Hi Rav. Desktop - Accounts Enterprise0
-
Hi Rav. Desktop - Accounts Enterprise
0
Categories
- All Categories
- 6.8K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.2K Reckon Payroll 🚀
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 18 📢 Reckon Payroll - Announcements
- 3.1K Reckon One
- 7 📢 Reckon One - Announcements
- 11 Reckon Invoices App
- 14 Reckon Insights
- 114 Reckon API
- 830 Payroll Premier
- 325 Point of Sale
- 1.9K Personal Plus and Home & Business
- 73 About Reckon Community