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Salary Sacrifice and PAYG Summary

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Experienced Cover User LifePaul
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LifePaul
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Salary Sacrifice and PAYG Summary

Hi

 

With Salary Sacrafice now being shown in the Decuctions section in STP

 

When producing this years PAYG summary will we need to assign a Payment summary field to Deductions to link with Salary Sacrafice in the Payroll Categories field to show on the final PAYG Summary

 

Thanks

 

 

2 REPLIES 2
MYOB Moderator Steven_M
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Steven_M
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Re: Salary Sacrifice and PAYG Summary

Hi @LifePaul


I was under the impression that if you have reported using the Single Touch Payroll system that a payment summary would not be required. With that being said, I would recommend consulting the ATO to see how they would like those values to be reported.

 

In terms of the AccountRight software, if you do need to link a payroll category with a payment summary field it can be done at Step 4: Payment Summaries. Within this window, you can select the relevant payment summary field (on the left-hand side) and tick the relevant payroll category to be included in that category (on the right-hand side).

Kind regards,
Steven

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Ultimate Partner Kym__Yeoward
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Re: Salary Sacrifice and PAYG Summary

Hi @LifePaul and @Steven_M

 

I understand AccountRight  2018,4 users who use Single Touch Payroll (STP) reporting, will be able to upload their Reportable Fringe Benefits and Reportable Superannuation, through a special Pay Event run, done after the last payroll for June and before rolling-over to the 2019-20 payroll year.

 

Kym Yeoward CPA ACIS

Darwin (Palmerston) 

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