Excess private health reduction estimate incorrect
We've had a NOA come back with excess private health reduction correctly calculated at Tier 2 level.
This was different from the MYOB tax estimate provided to our client, which calculated at Tier 1.
Possibly MYOB didn't include $30,000 of reportable fringe benefits in income for surcharge purposes, but then the income would have been right back at 'base level', so this doesn't really explain the difference.
No Medicare levy surcharge was payable, so this doesn't seem to be covered by the 'known issue', for which there is a Hotfix - or is it? Can anyone help please?
Thank you.
Hi lizbud,
This requires further investigation from our support team. Please call support or log a support request with following information.
Checking if the MYOB estimate is correct
Support will be able to investigate this for you.
This maybe related to issue fixed in hotfix2. Please update your tax version to 2024.0b and generate estimate again to confirm.
Regards
Daljit
