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I have printed a YTD verification report and noticed that when the ATO reporting categories are all broken down, they do not include the allowances.
As an example: The total salaray and wages as per payroll summary show: $100,000
BUT, the Total STP taxable wages show $90,000
and then the Allowances are shown separately as $10,000
My allowance category should be a taxable item - why does the report print this way???
I have correctly assigned it, all my other figures are correct, it's just the breakdown that has me worried. This particular allowance forms part of ordinary time earnings as per the award, and has always been taxable.
I also had your question, I found this on MYOB:
This is the link
I don't think it's very clear the way it is set out and worded!
Thank you @BreeDeCunha
So, from this blurb, I have found my figures to be correct, but it is VERY confusing, and wondering if this is the ATO's way of wanting things done, or is it just how MYOB is set up to send the figures over.
Anyway, no doubt if it's wrong, the ATO will let me know
The design of reports and screens on MYOB's payroll reporting centre is all on MYOB. The ATO prefers developers made things simple and clear and accurate for users.
And the ATO will only tell you something is wrong if the report format does not comply with specifications, such as a date is entered in an amount field, or other invalid data is reported, they cannot tell if the amounts are correct or not. The ATO relies on employers to report the correct amounts base don their payroll records.
Due to MYOB's design, the only way to tell if the correct details were reported is to check on employee's Income Statements. If you are an employee, check yours is correct.