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NFP - How to report a RFBA for a terminated employee from a prior financial year

ADonald

I have a couple staff who terminated employment in the 22/23 Financial Year. Due to the FBT year I have some rollover RFBA amounts to declare, however as they were previously marked as terminated they are not showing in my list of employees in the STP reporting EOFY list.

So I am unable to add in the RFBA amounts for them. We are NFP so exempt under Section 57A and lodge a Nil return.

What do I do here?

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ADonald

Thanks!! Had tried Moca and live chat as well as email support. Your reply is very helpful - thanks!

Update - I processed a $0 pay in 23/24 and she is now showing in the required RFBA list for 23/24.

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ADonald

Hi,

Thanks for your reply. I'm not looking to tweak my financial year for 22/23.

I am ready to lodge my STP phase 2 but I have one employee who has a RFBA to declare but they are not showing on the list of employees for 23/24 as they terminated in May 23. However they still had a RFBA amount (paid from FBT year 01/04/23 to May 23) that I need to declare in the 23/24 income tax year.

So my issue is - how do I report an RFBA for a staff member who terminated at the end of the prior Financial year?

Princess_R

Hi @ADonald,

I see you're looking to tweak your financial year 22/23. If you've already got a pay run going for the current financial year, you won't be able to go back and change 22/23. That's because the payroll year showing in STP EOFY is only 23/24 and 24/25. But don't worry; you've got a couple of options to fix up the financial year 22/23. You can either lodge manually straight to the ATO, or if you've got a backup for the financial year 22/23, you can restore that backup and make your changes there.

Feel free to get in touch if you need more help.

Cheers,

Princess