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Dlmad's avatar
Dlmad
Experienced Cover User
2 years ago

salary sacrifice included at Gross wages for W1 on BAS

Hi all,   Not sure if already dealty with, but on the BAS at W1 Gross Wages - salary sacrifice amounts (after tax or RESC amounts) should not be included.  First is this correct? Secondly on the P...
  • Genreve_S's avatar
    Genreve_S
    2 years ago

    Hi Dlmad, 

     

    Thank you for posting and letting us know your concern.

     

    It is as gavin12345 has mentioned. Depending on how the salary sacrifice was set up will determine what would be included in certain reports. If you think the figures are incorrect you can manually edit the amounts. Also, we can look into this further. Please send us a private message containing the following:

    • Serial number
    • Screenshots of setup in Online BAS
    • Screenshots of setup in BASlink
    • Screenshots of figures in Online BAS
    • Screenshots of figures in BASlink 

    We are looking forward to your reply. 

     

    Cheers,

    Genreve

gavin12345's avatar
gavin12345
Ultimate User

Hi Dlmad 

 

The reporting rules for Salary sacrifice differ between STP and Activity statements as they serve 2 very different purposes. The Income reported at W1 on the Activity statement should be post salary sacrifice (so the salary sacrifice amount is not included). However for STP, the Gross amount on the Income Statement should be the pre-salary sacrifice amount. The Salary Sacrifice amount is reported as well, and the ATO will deduct this on the Income Statement when they calculate the Total Gross amount. The purpose is for the ATO and Centrelink etc to determine the overall earnings of an employee, as well as allow them to calculate whether the reported Super Guarantee amounts are correct.

 

If in doubt do an internet search on 'ato w1 salary sacrifice' and see what comes up.

 

If set up as per the MYOB Salary Sacrifice instructions, in AccountRight the Wages on the Register Summary report is the Pre Salary Sacrifice gross and the salary sacrifice appears in the Deductions column. 

 

However there are many ways to set salary sacrifice up in MYOB and how you set it up will determine what MYOB includes in various reported amounts.

 

Regards

Gavin

 

Genreve_S's avatar
Genreve_S
MYOB Moderator
2 years ago

Hi Dlmad, 

 

Thank you for posting and letting us know your concern.

 

It is as gavin12345 has mentioned. Depending on how the salary sacrifice was set up will determine what would be included in certain reports. If you think the figures are incorrect you can manually edit the amounts. Also, we can look into this further. Please send us a private message containing the following:

  • Serial number
  • Screenshots of setup in Online BAS
  • Screenshots of setup in BASlink
  • Screenshots of figures in Online BAS
  • Screenshots of figures in BASlink 

We are looking forward to your reply. 

 

Cheers,

Genreve

  • Dlmad's avatar
    Dlmad
    Experienced Cover User
    2 years ago

    Thank you

     

    the salary sacrifice does not get deducted off the W1 for BAS purposes as it has been set up as a pre taxed amount so set up a deduction.

    the STP reporting is all correct as all my items matched with the verification report.

    Just need to ensure for BAS reporting to deduct from W1.

     

    • Genreve_S's avatar
      Genreve_S
      MYOB Moderator
      2 years ago

      Hi Dlmad, 

       

      Thanks for clarifying the concern.

       

      Generally, if the salary sacrifice was included in the W1 it would record as a deduction. If not there is a possibility that it wasn't set up inside the deduction tab in the payroll category. Here is a help article Salary sacrificing for more information regarding the matter.

       

      If you have any other concerns or questions feel free to let us know. we are happy to help. 

       

      Cheers, 

      Genreve 

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