WendN
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Joined 12 years ago
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Pay Super cutoff date
Hi, yesterday (20 June) I processed our EOFY distribution, including Super Guarantee contributions - which I really need to have processed by 30 June (or will pay more tax). Reading through a recent MYOB email today by chance, and clicking on links I see that there is a 4pm 19 June cutoff for Pay Super processing to be included pre 30 June. Will mine still go through? In a bit of a panic. I was going by the super fund cutoff date of 25 June and felt 20 June was enough time for MYOB to process as usually only takes a day or so. Thanks94Views0likes1CommentSalary Sacrifice showing in Superannuation Expense and Wages and Salaries
I've processed a Salary Sacrifice Contribution and the amount is appearing in BOTH Superannuation Expense and Wages & Salaries effectively doubling the amount in the P&L. The payrun is purely to create a salary sacrifice contribution (we are a family trust and just have an end of year distribution - no payruns normally). The amount is being entered to Salary Sacrifice deduction during the Pay Run. Previously used a clearing house, but accountant advises must report all Salary Sacrifice and any Super Guarantee contributions via STP now to the ATO. Is this correct? If so, how to I just have the super conts appearing in Super Expenses, and not also in Wages? Thanks1.7KViews0likes1Comment