RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

Question

HI there.  I work for a non for profit PBI who will use the Section 57A column in STP reporting for YTD.

We have employees who use both the $30k threshold and the $2,650 Meal & Entertainment portion.

What amount am i entering into the Section 57A column?  Only the $29,998 ($30k) amount or do I add the $2,650 to it?  If I add them together then we go over the $30k threshold and we may get pinged for this, when in fact it is two seperate FBT sections?

I would love some guidance please as our external auditors are unsure :)

thank you

Robyn Jacob

Genreve_S · Answer

Hi @Robyn111,

Thanks for the response.

For the fringe benefits, here is the help article Reportable fringe benefits amounts (RFBA) with Single Touch Payroll reporting, which might give some value to how this could be recorded. We would still recommend speaking to a financial advisor and discussing this to make sure.

Let me know if you have any further questions or concerns. I'm happy to help.

Cheers,

Genreve

Robyn111 · Answer

Hi Tracey7666

no i didnt. MYOB said i need to contact my external accountants, which i did in the first place and they werent sure.  I then spoke to our president who owns an accounting business and he was a bit unsure but said to enter them both in the same place.  I have tried to do that but i cannot exit without saving and there is no save button!!!! go figure lol.

i am just going to put them both in and if its incorrect then im sure the ato will let us know.

let me know if you know different :)

Tracey7666 · Answer

Hi Robyn

Did you find a solution for you question by any chance. I am wondering the same thing