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Im having an issue with the calcuations when adding a super co-contribution to a 2017 tax return. Under Item A3, when clicking on 'Quick access to Government co-contributions what if?', the total amount of wages is automatically being enetered into business income- there isnt any business income and I have checked that I havent accidently entered anything into a business income item. What is strange is the business income that is being displayed is exactly the same as the income from wages. As a result, its pushing this individual out of the income bracket for co-contributions. Am I doing something wrong? Or is the tax return not calculating the information correctly?
Any help would be greatly appreciated thank you
Thanks for your post, and welcome to the MYOB Community Forum - we hope you find it a great resource.
As there are many items that can affect the way a Super Co-Contribution (and many other components of a tax return) are calculated, please give our support team a call on 1300 555 666 - they will be able to provide some guidance - and we may require a copy of the return, so that we can check the calculations etc correctly.