STP2 Deduction Categories
I'm transitioning to STP2 and don't know which category to assign these 2 Deductions to. The options in the drop-down menu don't seem appropriate.
The categories were created to deduct additional PAYG for a casual employee with 2 high-paying jobs and to ensure he didn't have a tax debt at the end of the financial year.
We no longer use the two deduction categories, however, there are transactions in the current payroll year in the categories so I need to assign a category to them.
Which one of the ATO categories is the appropriate one to use?
Hello Mylene
Thank you for your post.
Generally, if the deduction that you have set up doesn't fall under one of the categories listed it will be "Not reportable"
Please have a look at our Help Article on assigning ATO reporting categories which have a fantastic table listening to what each category is used for. If you are still unsure which one to set it as I would suggest speaking to your financial advisor.
