Novated Lease - GST on deductions
I have tried searching this answer, and I cannot find it on the various threads. I have a novated lease, with pre and post tax deductions, along with being invoiced by the lease provider. How do ...
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Hi, JonShepherd
Thanks for your post, and welcome to the MYOB Community Forum.
With your concern, we highly recommend speaking with your accountant, as they can provide you with further information regarding your concern.
Please feel free to create a post again if you encounter any further issues.
Best regards,
Doreen
Hi Doreen,
I too have the same question but when i go to accountant he does not know how this should show on MYOB. Surley as this is a Accounting program there must be some direction on how this needs to be entered in the payroll system?
What a thoroughly unhelpful post by MYOB. :-(
Of course this is possible but you'd be hard pushed to find an accountant that actually remembers of the top of their head how to accomplish this in MYOB. They used to have a support note about this back in the day but I cannot find it anymore.
Here is a prior community post that should provide you guidance..
Thanks,
At least this shows me how to set up in the payroll system.
Assume there is no catagory in STP2 attached to the B4 & after tax deductions.
Regards,
Judy
When you create the catagories you'll see there is an STP reportable category for the 'Salary Sacrifice - Other Employee Benefits'. Which you'd assign to the pre tax component.
