Forum Discussion
Hi,
Thanks for your reply. I'm not looking to tweak my financial year for 22/23.
I am ready to lodge my STP phase 2 but I have one employee who has a RFBA to declare but they are not showing on the list of employees for 23/24 as they terminated in May 23. However they still had a RFBA amount (paid from FBT year 01/04/23 to May 23) that I need to declare in the 23/24 income tax year.
So my issue is - how do I report an RFBA for a staff member who terminated at the end of the prior Financial year?
Hi ADonald,
I see you're trying to report an RFBA for an employee who left last financial year. If you haven't run payroll for the current year 24/25 and you're still wrapping up 23/24, you can process a $0 pay for that terminated employee who didn't earn anything. This lets you declare the RFBA for the 23/24 tax year. But if you've already started on the 24/25 payroll, you'll have to manually lodge the RFBA with the ATO. For more details, you might want to check out this Help article: Reportable fringe benefit amounts (RFBA) with Single Touch Payroll reporting. If you need more help, head over to myob.com/support or myaccount.myob.com to find MOCA, our virtual assistant. MOCA can connect you to our live chat team if you need further assistance.
Cheers,
Princess
- ADonald5 months agoExperienced Cover User
Thanks!! Had tried Moca and live chat as well as email support. Your reply is very helpful - thanks!
Update - I processed a $0 pay in 23/24 and she is now showing in the required RFBA list for 23/24.
- Princess_R5 months agoMYOB Moderator
Hi ADonald,
I'm really glad to hear that you found the information helpful. If you have any more questions or need further assistance, don't hesitate to reach out.
Cheers,
Princess
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