Forum Discussion

TIM17's avatar
TIM17
Cover User
10 days ago
Solved

Salary Sacrifice

We have one employee requested salary sacrifice super since last year. I didn't find any problem before, but  when lodging IAS (wages) I found ATO prefilled total gross wages are short by the sacrifi...
  • Earl_HD's avatar
    10 days ago

    Hi TIM17,

    When lodging the IAS and reporting total gross wages, you should report the total gross wage amount before the salary sacrifice deduction. The ATO prefilled total gross wages may appear short by the salary sacrifice amount because salary sacrifice is a pre-tax deduction and reduces the gross wages reported. Therefore, you should report the total gross wage amount, which includes the salary sacrifice amount, to ensure accurate reporting.

    I hope this helps!

    Regards,
    Earl

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.