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LBInteriors's avatar
LBInteriors
Contributing Cover User
2 years ago

Cost of living payment

How do I enter the Government Cost of Living payments so they are not subject to income tax or GST?

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  • Tracey_H's avatar
    Tracey_H
    Former Staff
    2 years ago

    Hi LBInteriors 

     

    Thanks for your post. If you're not sure how to record these payments you will need to speak to your accountant about the applicable account and tax code to ensure they are reported correctly.

     

    Please don't hesitate to post again if you need help in the future.

     

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