Hi there,
To finalize FY2026 RFBA, I entered $2435 and $1198 for two directors, pop up MYOB message shows 'Something Went Wrong'. I am browsing on web and may relates the RFBA value under ATO threshold.
The figures from our company CPA, according to bellowing ATO webpage example, for RFBA with $2435, should I enter $3773 in RFBA field? How about $1198 FBT amount the other director?
ATO example:
Regards,
Yan
Hi, I am no expert, so please check with your accountant.
Yes, the Taxable Amount to report is over $2,000, so the grossed up RFBA amount is 3,773.
My understanding is then, that if the amount you are trying to report is under $3,773 it is then under the threshold and does not need to be reported - hence the 'something went wrong' That is, you only need to report amounts over $3,773.
If the amount the Accountant supplied you was the grossed up RFBA of $2,435 then you would not need to report it on the employees RFBA - PLEASE CHECK THIS WITH YOUR ACCOUNTANT (are they supplying you with the Taxable Amount or the RFBA)
