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RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

Robyn111
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RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

HI there.  I work for a non for profit PBI who will use the Section 57A column in STP reporting for YTD.

We have employees who use both the $30k threshold and the $2,650 Meal & Entertainment portion.  

What amount am i entering into the Section 57A column?  Only the $29,998 ($30k) amount or do I add the $2,650 to it?  If I add them together then we go over the $30k threshold and we may get pinged for this, when in fact it is two seperate FBT sections?

I would love some guidance please as our external auditors are unsure Smiley Happy

thank you

Robyn Jacob

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Genreve_S
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Re: RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

Hi @Robyn111,

 

Thanks for reaching out. 

 

For these kinds of concerns, We highly recommend you consult with an accountant or financial advisor. As the forum provides help mostly for application issues. We also are not allowed to provide financial advice. 

 

Let me know if there is anything that I could help with. I'm happy to assist. 

 

Cheers, 

Genreve

Tracey7666
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Re: RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

Hi Robyn

Did you find a solution for you question by any chance. I am wondering the same thing

Robyn111
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Re: RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

Hi Tracey7666

no i didnt. MYOB said i need to contact my external accountants, which i did in the first place and they werent sure.  I then spoke to our president who owns an accounting business and he was a bit unsure but said to enter them both in the same place.  I have tried to do that but i cannot exit without saving and there is no save button!!!! go figure lol.

 

i am just going to put them both in and if its incorrect then im sure the ato will let us know.

 

let me know if you know different Smiley Happy

Genreve_S
MYOB Moderator
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MYOB Moderator
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Re: RFBA Reporting - How do I report both Living expenses & Meal and Entertainment expenses?

Hi @Robyn111

 

Thanks for the response.

 

For the fringe benefits, here is the help article Reportable fringe benefits amounts (RFBA) with Single Touch Payroll reporting, which might give some value to how this could be recorded. We would still recommend speaking to a financial advisor and discussing this to make sure. 

 

Let me know if you have any further questions or concerns. I'm happy to help.

 

Cheers, 

Genreve

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