Christmas Cash Bonus

[MV-8]

Hi there,

My boss has withdrawn $300 cash for each employee for Christmas/end of year bonus.

I assume this will have to be recorded via payroll/STP and add the $300 nett amount to the regular pay, which will then attract higher PAYG and superannuation. Is that correct?

Thanks in advance.

[GDay53 · Accepted solution]

@MV-8 

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

You are correct - Christmas bonus is still part of payroll and must be reported via STP.

If $300 is paid cash then that is the nett amount and will need to be grossed up and have PAYG and Super G'Tee allocated on it.

[MV-8]

Thanks for your help Graeme!

Regards.