Novated lease
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Christine Walker
Member Posts: 1 ✭
I've set up a novated lease as per the Knowledgebase article using the total weekly deduction amount supplied by the packaging company and amounts look OK on payslip. However the advice I have from the packaging company splits the deduction between pre & post. Do I need to put these in separately instead of just using the total?
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Hi Christine
Does the packaging company give a reason for this? The employee is unable to claim a deduction in their tax return on a novated lease so just wondering what the packaging company's thoughts are behind this?Shaz Hughes Dip(Fin) ACQ NSW, MICB
*** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***
* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *
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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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