EOFY payroll report different to last year
Hi Everyone.
So I will try my best to explain this without confusing everyone.
In the year 21/22 when I did the final ATO payroll report - it showed all of my employee's gross amounts MINUS their salary packaging/salary sacrifice.
At this time I believe there was no ATO reporting line for Salary packaging/ salary sacrifice.
In July 2022 salary packaging / salary sacrifice had a reporting line in MYOB which I have used since then.
Now when I am trying to the finaal ATO payroll report - it shows all of my employees gross amounts INCLUDING their salary packaging / salary sacrifice amount.
Is this correct??
we are a non for profit so I have to gross up our packaging / sacrifice and manually add it into the 57A area (which I did last year and the year before)
the difference is the amounts showing under gross now.
For example in 21/22 when salary sac/pack was non reportable (no item line for this) the final report would look like this
Lets say someone earns $40k and salary sac/pack $10k per year:
Gross $30K
Tax
Now it says
Gross $40k
Tax
although they have salary sacrificed / packaged $10k.
so the tax on the $40k would be completely incorrect since tax is on $30k not $40k
could someone please help me..
im worried that 44 employees group summaries are going to be incorrect
thank you so much