KylieD
2 years agoTrusted Cover User
Salary Sacrifice
Hi Everyone
So I have found that salary sacrifice is now added to gross wages in the end of financial report - this is new for Phase 2.
We are a non for profit organisation and salary sacrifice is always reported under the 57A section at the end of financial report. Do I still need to gross it up and put the gross up value into this area or the actual amount we paid being $16k.
Just confused due to salary sacrifice now being included in gross payments, so unsure if I have to gross up the amount or not
thanks