Forum Discussion

JM65's avatar
JM65
Contributing User
10 months ago
Solved

SALARY SACRIFICE STP2

Hi,   Hoping someone can help, I noticed last months payroll activity gross figures were different to STP2, the difference being the salary sacrifice. This was picked up when doing our BAS. Didnt h...
  • Doreen_P's avatar
    Doreen_P
    9 months ago

    Hi, JM65 

     

    Thanks for your post, and welcome to the MYOB Community Forum.

     

    If the figures were different from the two reports and you were able to identify what caused the discrepancy, kindly check the ATO Reporting Category used for the Salary Sacrifice. Usually, an ATO Reporting Category hasn't been selected for STP Phase 2. For further information, kindly check The Help Article: Assign ATO reporting categories for Single Touch Payroll.

     

    Once done, please send an update event so that the changes will show up. And then, check the reports again to see if the figures are all correct. 

     

    Please let us know if you require assistance with this. We are happy to assist.

     

    Best regards,

    Doreen

JM65's avatar
JM65
Contributing User

Hi,

 

No I wasnt referring to YTD reports but had a quick look at them and they dont match either.

I was referring to the monthly report for wages and STP figures in the ATO portal for the BAS they dont match and this is because of the salary sacrifice. In myob the salary sacrifice did not have a ATO reporting catergory which I have sinced fixed and as previously advised sent an update through STP, but nothing has changed.

My concern is that the incorrect amount is being reported.

Thank you for your assitance

 

Princess_R's avatar
Princess_R
MYOB Moderator
9 months ago

Hi JM65,

 

Thank you for clarifying this.

 

The reporting rules for salary sacrifice differ between STP and activity statements as they serve two different purposes. The income reported at W1 on the activity statement should be post-salary sacrifice (so the salary sacrifice amount is not included). In this matter, you'll need to check the setup of your salary sacrifice and how it was reported. If the assigned ATO reporting category is RESC (Reportable Employer Super Contributions), this is normally not included in your gross payments when doing BAS. Please refer to this Help article regarding lodging activity statements.

 

Please let me know if you require any further assistance with this. I'm happy to assist.

 

Cheers,

Princess

 

 

 

 

  • JM65's avatar
    JM65
    Contributing User
    9 months ago

    Thank you for your reply, can I confirm that you were refrring to STP2 in regards to having to report the salary sacrifice seperate as previously with STP1 it was included in the gross. The ATO reporting category is set at salary sacrifice and RESC. Is there any difference if it is an employee salary sacrifice?

    • Princess_R's avatar
      Princess_R
      MYOB Moderator
      9 months ago

      Hi JM65,

       

      Thank you for your response. Yes, this is for STP 2, since in the STP 2 reporting category, salary sacrifice under the Superannuation tab should be reported separately. When assigning reporting categories for salary sacrifice, you don't need to assign the gross wages category, as salary sacrifices are now calculated behind the scenes. For more information, see Assign ATO reporting categories for Single Touch Payroll. Employee salary sacrifice differs depending on how you set up and assign the reporting category. Please refer to this Help article that has detailed information regarding the salary sacrifice.

       

      Please feel free to create a new post if you need help in the future. I'm happy to help

       

      Cheers,

      Princess

      • JM65's avatar
        JM65
        Contributing User
        9 months ago

        The salary sacrifice has been set up as a deduction and the assigned reporting catergory is Salary Sacrifice and Resc, the amounts are being deducted from the gross figure in STP2 and are listed at the salary sacrifice, whilst the payroll activity summary has the gross figure including s/s.

        I have noticed that in the payroll catergory list, wages tab, salary sacrifice is at "to be assigned" but I have no idea as to what this should be set at, the each individual employess are set correctly.

        I have researched so many of the links advised and am non the wiser.

        My main concern is W1 for the BAS is different to STP2. I have attached a snip from STP2 for you to look over.

        Sorry for the long spiel.