PAYROLL AWARD MA000089 MECHANICAL TOOL ALLOWANCE TAX/SUPER TREATMENT
Hi, I am struggling to get a clear answer on the tax & super(OTE) treatment of tool allowance (award MA000089) in a mechanical shop. Fair Works does not have anything on Tax or Super information. I found on Google a page from 'PayCat' from 2021, but STP2 came into play. I have tried with a Bookkeeping association (more up to date info) and ATO with conflicting responses. Speaking to the Bookkeeping association suggested I contact ATO. Speaking to someone at ATO gave me no definitive answer they left me to research further into their information on ATO website. They also suggested I 'Google' more on the treatment of the Awards Tool Allowance. Please can anyone shed something more on this.
Thanks
Cheyenne
Hi CheyenneK
Thank you for bringing this to our attention. In this regard, we can only advise you on how to set up an allowance category, however, we are not experts in explaining how tool allowance works. I would consider contacting ATO to obtain pertinent information. You can check on this Help Article: Allowances, this contains detailed information on how you can set up allowances. You can also use this as your reference.
If you need further assistance in the future, please don't hesitate to post again. We're happy to assist you.
Best Regards,
Cel