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STP Salary Sacrifice deduction cannot be allocated to correct ATO category

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AmyR
6 Posts
Cover User
Australia
AmyR
Cover User

6Posts

3Kudos

0Solutions

STP Salary Sacrifice deduction cannot be allocated to correct ATO category

I am currently setting up STP in MYOB essentials and I have come across an issue in MYOB essentials when allocating a pay item to an ATO reporting category.

 

An employee salary sacrifices a vehicle. The salary sacrificed amount has a pre-tax and post-tax component. The pre-tax component reduces their gross salary and as such they are only taxed on the net salary being gross salary less pre-taxed component.

 

The issue I am having is that MYOB essentials will not let me allocate the Pre-tax component (which is set up as a deduction) as “Gross salary” to reduce the taxable gross salary amount, only as a deduction which is a separate item on the payment summary which is wrong. MYOB will also not let me set up the Pre-tax deduction as a negative gross salary amount either. How do we resolve this?

 

I haven’t checked yet but I hope this is also not an issue in MYOB AccountRight Live too as we have a lot of salary packages set up like this.

 

Thanks,

 

Amy

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