STP & tax treatment of tool allowance
Bill_10201512
Member Posts: 5 ✭
Hi,
Im having trouble applying the ATO guidance on tool allowances.
A tool allowance should not form part of the gross income, but should have tax withheld. Reckon does not seem to have an option for this. it only has the tax free, gross payment or additional payments (which the question mark link to 'schedule 5' is broken).
none of these options seem to fit the bill for a deductible allowance.
When using Allowances other, and it is for a tool allowance, do i mark it as tax free, gross payment or additional payment?
please help!
it would also be helpful if i was able to select the STP field "Other PAYEVNTEMP8" so i konw it is being recorded correctly to the ATO.
thanks bill
Im having trouble applying the ATO guidance on tool allowances.
A tool allowance should not form part of the gross income, but should have tax withheld. Reckon does not seem to have an option for this. it only has the tax free, gross payment or additional payments (which the question mark link to 'schedule 5' is broken).
none of these options seem to fit the bill for a deductible allowance.
When using Allowances other, and it is for a tool allowance, do i mark it as tax free, gross payment or additional payment?
please help!
it would also be helpful if i was able to select the STP field "Other PAYEVNTEMP8" so i konw it is being recorded correctly to the ATO.
thanks bill
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