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CheyenneK's avatar
CheyenneK
Experienced Cover User
2 years ago

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 f...
  • Celia_B's avatar
    Celia_B
    2 years ago

    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

     

Doreen_P's avatar
Doreen_P
MYOB Moderator
2 years ago

Hi, CheyenneK 

 

Thanks for your post.

 

As gavin12345 mentioned, it is best to speak with your accountant as they can provide you with further information regarding with your issue. Please let us know how you go with this concern.

 

Best regards,

Doreen

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