Flat tax on allowance sitting under deduction
Hi all,
I have set up a flat tax deduction on allowance as per below instruction. What ATO category should I link to? I am trying to finalize the STP however the tax sitting as deduction rather than PAYG.
Tried calling ATO and MYOB but was not any help. Anyone else have answer to this?
Hi there Yurina
Usually, if an allowance has a flat rate tax, it's set up as a deduction rather than PAYG. This helps keep things tidy for tax reporting. When finalising STP, you'll want to link this allowance to the appropriate ATO category for deductions. This ensures everything aligns correctly when you're reporting to the ATO. If you need more specific guidance on which ATO category to link it to, I'd recommend checking our link here. Let me know if there's anything else I can assist you with.
Best regards,
Doreen
