In this release we’ve updated AccountRight with some important compliance changes for Australian businesses, and fixed lots of stability, display, printing, usability and reporting issues.
This...
Updated 8 years ago
Version 1.0
Blog Post
Hi,
In one of the opening paragraphs, it states:
"You need to install this update before preparing payment summaries for the 2016-17 financial year if you employ working holiday makers or if Section 57A of the Fringe Benefits Tax Assessment Act 1986 applies to you."
My understanding (based on discussions with a developer using latest ATO Specifications) was that if an employer reports any RFBT amount on an employee's payment summary, the Payment Summary MUST have a 'x' in the Yes or No box next to the question "Is the employer exempt from FBT under section 57A of the FBTAA 1986"? Otherwise the EMPDUPE file will fail lodgement.
And secondly, every INB payment summary must have a box to the right of the Gross Payments box indicating an 'S' for Salary and Wage or a 'H' for Working Holiday Maker.
If this is the case (and I suggest you check the specifications), then the above paragraph may need to be changed as every employer will need to install the update.
Regards
Gavin